Friday, December 19, 2014
Nouriel Roubini: China is at a Critical Tipping Point
Having been among the few to predict that the collapse of the U.S. housing market would lead to a global financial crisis years before disaster struck, economist Nouriel Roubini clearly knows a thing or two about unsustainable growth models. In a recent interview with Credit Suisse, Roubini says that this time, it is China’s economy that is facing a critical tipping point. Can China’s leaders effectively manage the transition from an economy that relies too much on investment to one that is more consumption-driven? Watch the video to hear what Roubini, a professor at New York University’s Stern School of Business and chairman of consulting firm Roubini Global Economics, has to say.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics