Can the Chinese Economy Work in a Period of Slow Growth?

Tony Fratto, managing director, Hamilton Place Strategy, told CNBC, "China has a very hard time dealing with these macro changes in their economy, so inflation ticks up and what can China do about it, they need to take really administrative actions to the banks to try and get them to stop lending and is that what the economy needs right now?"
Thu, Feb 9 20125:00 AM EST