Menu

Why China's Economic Troubles Run Deep
📰
0

Why China's Economic Troubles Run Deep

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
#1E0fvgyj
Reading 0:00
15s threshold

China’s GDP growth slowing to 6.5% in this year’s third quarter has raised questions over the role of excessive debt within the country, the impact of its trade war with the U.S., and the general trajectory of the Xi Jinping regime that is seen to be moving away from reforms toward stronger state control of the economy. Chinese leaders have sought to reassure investors that the country’s underlying fundamentals continue to be strong. However, experts at Wharton and Stanford University stress that problems such as China’s debt load run deep and pose a significant threat to the country’s economy. Marshall Meyer , Wharton emeritus professor of management, said that more than China’s GDP growth statistic of 6.5%, or the trade war with the U.S. , his concern is about “the underlying currents in the Chinese economy.” Senior Chinese government officials are correct in describing the impact of the trade war as mainly psychological, he noted.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More