# Professor Lawrence White on financial regulation and the stock market in China

1 Faculty News July 10, 2015 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](http://blogs.wsj.com/moneybeat/2015/07/10/memo-to-china-your-market-moves-are-doomed-to-fail/) -- "In China, too, debt is the problem. 'When a bubble pops, it’s leverage that almost always proves so corrosive and destabilizing on the way down,' says [Lawrence White](http://w4.stern.nyu.edu/faculty/bio/lawrence-white), professor at New York University’s Stern School of Business who specializes in financial regulation."

[Read more](http://blogs.wsj.com/moneybeat/2015/07/10/memo-to-china-your-market-moves-are-doomed-to-fail/)