Thursday, January 21, 2016
Roubini : China's 'New Normal' is here to stay
"It looks like China's 'new normal' is here to stay," said U.S. economist Nouriel Roubini in another panel on Wednesday.
Markets tend to be manic depressive -- they go from excessive pessimism to excessive optimism," Roubini said.
"What China really needs to do is work on its credibility, transparency and ability to communicate properly about what it's doing," he said.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics