Investors Fear ‘Hard Landing’ in China: Pro

Softening Chinese demand and a swooning stock market is making investors fearful about an economic retrenchment, a prominent China-watcher told CNBC Monday.

Jittery markets are riven by doubts about the U.S. recovery and Europe’s festering debt crisis. The weakness of two of the world’s major economic powers means that China “is really pulling its own wagon right now,” said John Rutledge, chairman of Rutledge Capital and a savvy observer of developments in the world’s second-largest economy.

“The commodity markets are going to be quite soft because of the softness in China, but more importantly western investor fears about hard landing in China,” Rutledge told CNBC’s “Squawk on the Street”.

Read Full Article from CNBC

- Posted: 2012-08-27 21:17:02

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