This article was written shortly before the turmoil in China’s markets in late August. Even so, it offers valuable insights into the relationship between China’s government , consumers, and the economy.
The Chinese economy seems to have finally hit the brakes. Thanks to stalling real estate and export markets, this year China reported first and second quarter growth rates of 7%—its lowest numbers in six years. We asked Harvard Business School Professor ...
Kenneth Rogoff has long warned of a potential financial crisis in China.
Mr. Rogoff, a professor of economics at Harvard University, accurately predicted the eurozone debt crisis and for years has been telling anyone who would listen that China posed the next big threat to the global economy. He is starting to look right, again.