China's president has descended on Florida for a summit with a counterpart he's never met. What happens now?
<p> Stephen S. Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia, is the author of The Next Asia. His forthcoming book, Unbalanced: The Codependency of America and China, will be published Jan. 2014. </p>
Is China really heading for a hard landing? Experts say it's quite likely, as long as the ruling party thirsts for control.
U.S. Federal Reserve Board Chairman Alan Greenspan is credited with simultaneously achieving record-low inflation, spawning the largest economic boom in U.S. history, and saving the world from financial collapse. But, when Greenspan steps down next year, he will leave behind a record foreign deficit and a generation of Americans with little savings and mountains of debt. Has the world's most revered central banker unwittingly set up the global economy for disaster?