U.S. economist refutes reports of "Chinese economic collapse"

WASHINGTON, Nov. 2 (Xinhua) -- A renowned U.S. economist has said reports in the U.S. press about so-called "Chinese economic calamity" or "collapse" are "stupid," noting that China is a dynamic and innovative economy, with plenty of development ahead.

"There have been many silly -- I'd even use a stronger language -- stupid articles in the U.S. press about the Chinese economic calamity, the collapse or coming c