Thursday, April 17, 2014

There is Risk of a hard landing in China

"For starters, there is the risk of a hard landing in China," said Roubini. Each time GDP growth in China slows toward 7 percent, Chinese authorities "double down" on credit infusions that lead to more bad assets and non-performing loans — a situation he noted could spiral beyond control. - in project-syndicate

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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