Stephen Roach China Quotations

If the Schumer-Graham bill closes down U.S. trade with China through the imposition of steep tariffs, a saving-short U.S. economy will simply have to divert a significant portion of its multilateral trade deficit elsewhere.

I do not think that China is going to run the risk of accelerating its pace of opening up its capital markets because of adverse consequences in the global economy.

China has been moving -- very slowly, but the speed is very much dependent on their ability to withstand reforms. The idea of forcing China and other countries to move on the currency front is a bad one.

If that's the economic model, China is in trouble.

Europe looks at China as more of a strategic partner than a competitive threat so it has stayed more out of the currency debate than the U.S..

The West always seems to expect a hard landing in China. Yet in three instances over the past decade, China has proved the doubters wrong.