Monday, July 27, 2015
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?
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics