# Professor Nouriel Roubini discusses China's financial markets at the World Economic Forum in Davos

1 Faculty News January 20, 2016 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/uat_027305.jpg?itok=Ipx0jiaQ)>

Excerpt from [CNBC](http://www.cnbc.com/2016/01/20/markets-tend-to-be-manic-depressive-roubini.html) -- "'A year ago they (markets) believed in this rhetoric of the Chinese government that China could achieve a soft landing; they could maintain growth at 7 percent; that the Chinese were a bunch of super heroic technocrats who could not do any wrong. And now they have gone to the other extreme, saying the policymakers are incompetent; they cannot stabilize growth, their currency, their stock market,' he said."

[Read more](http://www.cnbc.com/2016/01/20/markets-tend-to-be-manic-depressive-roubini.html)