Dangers of an Overheated China
29th November 2009
PRESIDENT OBAMA’S recent trip to China reflects a symbiotic relationship at the heart of the global economy: China uses American spending power to enlarge its private sector, while America uses Chinese lending power to expand its public sector. Yet this arrangement may unravel in a dangerous way, and if it does, the most likely culprit will be Chinese economic overcapacity.
November 29th, 2009 at 22:42
I’m very confused. That was both lucid and moderately critical of the current administration’s policies. Plus, the author is a prof at George Mason. Does Paul Krugman allow that?
November 30th, 2009 at 03:41
Once in a blue moon sense sneaks into the New York Times. Even a blind pig can find an acorn now and then.