Noted US Economist Warns of Future Economic Woes in China

The renowned American economist Paul Krugman says "China in 2016 looks a lot like Japan in 1989" — right before Tokyo headed into a prolonged period of financial crisis known as the "lost decade." Krugman says it is not China's economic growth and dominance in the world economy that worries him. Rather, it is the likelihood of a coming economic downturn in China, and its enormous impact on the global economy, that concerns him. An expert on international trade,...

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