Specter of China 'Hard Landing' Haunts Global Economy

As market euphoria begins to wane over the Federal Reserve's latest stimulus, investors are now forced to confront growing worries about China, whose powerhouse economy appears increasingly vulnerable to a dreaded "hard landing" scenario some have long warned about, Cnbc reports.

Dour figures and warnings from major companies have raised growing concerns about the world's second-largest economy. The developments mark a stark turnabout from just a few years ago, when its ability to weather the fallout from the 2008 crisis made China the envy of most G7 economies.

Until recently, most investors have been fixated on the woeful state of affairs in the U.S. and the euro zone, where the European Central Bank unfurled its answer to the Fed's massive quantitative easing to staunch a debt crisis that threatens to rend the 17-nation currency bloc asunder.  Now, a raft of negative data is dogging what some observers called "the leading dragon" of the global economy. It's calling into question whether China can save the global economy with outperforming growth….

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