Day: September 21, 2017

Misconceptions of China’s economy

Original Source

By Brian Wang

Foreign Affairs has an article by Yukon Huang (Senior Fellow Asia Program) that tries to correct misconceptions about China’s economy.

Predictions of China’s future economy have varied wildly.

Among the many popular beliefs are:

* China’s high debt levels will inevitably lead to financial crisis but its debt as a share of GDP places it around the middle of major economies

* Corruption has negative consequences for China’s growth but deepening corruption has facilitated rather than impeded growth

* It is impossible for U.S.… Read Full Article