Experience Stern | News & Events

Excerpt from Bloomberg TV -- "[The Chinese] realized they have to rebalance the economy because they have too much fixed investment at 50% of the GDP, too much savings and too little private consumption and that model of growth of doubling down on credit-fueled fixed investment is going to lead to a hard landing. The trouble is that I'm sure they're going to do reforms, but those reforms are going to occur only slowly, gradually, incrementally, because plenty of forces are resisting reforms."

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Additional coverage appeared on Bloomberg Businessweek.