# In an in-depth interview, Professor Michael Spence reflects on the weakness of the global economy

1 Faculty News January 12, 2016 ![Diario Financiero logo](/sites/default/files/styles/246w/public/assets/images/diariofinanciero192x144.jpg?itok=wq61DTv8)>

Excerpt from [Diario Financiero](https://www.df.cl/noticias/internacional/actualidad-internacional/michael-spence-china-no-va-a-colapsar-pero-va-a-mantenerse-deprimida/2016-01-11/213023.html) -- "The collapse of the stock market in China and increased global volatility triggered by the devaluation of the yuan, he said, 'will not lead to a collapse' in the second-largest economy in the world, but it may be pointing to problems the Asian giant will have 'for longer than had been thought.'"

[Read more](https://www.df.cl/noticias/internacional/actualidad-internacional/michael-spence-china-no-va-a-colapsar-pero-va-a-mantenerse-deprimida/2016-01-11/213023.html)