Monday, March 23, 2015

7% Growth is Impossible in China for The Next Few Years

“Maintaining a growth rate of 7 percent for the next few years is not possible,” Nouriel Roubini, an economist who teaches at New York University’s Stern School of Business, said at the China Development Forum on Saturday. “The only way you could do so is by increasing further the amount of credit relative to GDP and that increase of leverage eventually is going to lead to massive losses.”

 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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