Saturday, March 8, 2014

China : Risks of a Hard Landing next Year

Nouriel Roubini said even though China, the world’s second largest economy, will grow at about 7 percent this year, there are risks of a hard landing next year, with growth slowing to 6.5 percent and 6 percent year after, as entrenched interests who have benefited from the country’s debt and investment driven growth model resist the transition to consumer spending-led growth.

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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