Sam Zell says no hard landing in China

I don't see a hard landing [in China]. I actually see the Chinese administration, seemingly, becoming more enlightened, particularly with reference to the Yuan. We've seen it go up 2% in the last period of time. I think it will continue to go up. And as it goes up, it will reduce inflation in China and that's a positive.

~Sam Zell, chairman, Equity Group Investments, CNBC, May 16, 2011