China, emerging markets risk hard landing:
Nouriel Roubini, the New York University professor who predicted the credit crisis, said China and other emerging markets risk a ``hard landing'' as they start raising interest rates to fight inflation.
The Chinese economy is facing a downside risk due to uncertainties brought by the European debt crisis and the country's recent tightening measures, while an economic hard landing is highly unlikely, a senior analyst at a government think-tank has said.