"They're now sitting with a very substantially market-oriented economy," said Greenspan. "The reason they're having troubles ... [is] they're not prepared for it."
"The way they handled the stock market break is indicative of the fact that they're not doing it the way it should be done," he said—referring to the measures Beijing has been taking to stem the recent plunge in Chinese stocks.
Another wildcard for the timing of a rate liftoff is the lack of inflation, which is nowhere near the Fed's 2 percent target????
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