Markets are well aware that China's exceptional growth rate is finally slackening but economists are increasingly cognisant of the potential of the slowing turning into a crash for one of the world's second largest economy. Concerns are beginning to rise about China's future economic prospects. While the International Monetary Fund chose not to downgrade its economic forecasts for the country's GDP, Citi's chief economist Willem Buiter has warned China will drag the rest of the world into a global recession. "We consider China to be at high and rapidly rising risk of a cyclical hard landing," Buiter and his economist ... (full story)