Chinese Economy is in Trouble, US Nobel Laureate Says - NYT
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Leading US economist Paul Krugman says China's inadequate consumer spending was masked by a real estate bubble, which is now being deflated. There is skepticism about China's official GDP growth of 5.2% last year. Krugman suggests that China's economic model is becoming unsustainable due to low consumer spending and calls for more income to flow through to households and a boost to the social safety net. President Xi Jinping is criticized for arbitrary interventions and being a poor economic manager. The New York Times published the commentary on January 20, 2024.
#ChineseEconomy #ConsumerSpending #RealEstateBubble #GdpGrowth #EconomicModel #PresidentXiJinping
https://www.asiafinancial.com/chinese-economy-is-in-trouble-us-nobel-laureate-says-nyt
Asia Financial /
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2024-01-20 10:53:19
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npub1tfqzenj4wwscy7hhrs7d9wygkqncl5ywgqlcc32lffwtg5yskruq74lkk0Published at
2024-01-20 10:53:19Event JSON
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"content": "Chinese Economy is in Trouble, US Nobel Laureate Says - NYT\n==========\n\nLeading US economist Paul Krugman says China's inadequate consumer spending was masked by a real estate bubble, which is now being deflated. There is skepticism about China's official GDP growth of 5.2% last year. Krugman suggests that China's economic model is becoming unsustainable due to low consumer spending and calls for more income to flow through to households and a boost to the social safety net. President Xi Jinping is criticized for arbitrary interventions and being a poor economic manager. The New York Times published the commentary on January 20, 2024.\n\n#ChineseEconomy #ConsumerSpending #RealEstateBubble #GdpGrowth #EconomicModel #PresidentXiJinping \n\nhttps://www.asiafinancial.com/chinese-economy-is-in-trouble-us-nobel-laureate-says-nyt",
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