Joseph Stiglitz on China Growth Slowdown

Friday, 1 Jun 2012 | 4:15 AM ET

Joseph Stiglitz, Nobel Prize winner for economics, told CNBC, "I am not very concerned about a hard landing, there is always a risk but China has the resources sitting on more than three million dollars of reserves it has the instruments, it has much stronger control of the financial system the banking system then the US."