Roubini / Chovanec
February 9, 2012
I’ve been traveling in the US — Chicago, New York, DC — on a very intensive schedule (7-8 meetings a day), so I’ve barely had any chance to write. However, I did get a chance on Tuesday to sit down for a brief chat with Nouriel Roubini about the current state of the Chinese economy. You can watch that conversation (approx. 22 minutes) on his blog here.
Topics we cover include the downturn in China’s property market, the outlook for renewed stimulus policies, currency tensions with the U.S., the impact of China’s upcoming leadership transition, and the prospect of rising social unrest.
I think the powers-to-be will refrain from heavy-handed tactics pre the so-called ‘elections’ of 2012 and come out swinging early 2013 (about the same time GDP growth dips to 7% which will be enough to elicit national unrest).
whats the wrost that could happen? Please write a post about the absolute worst case scenario, the effects on China”s eonomy, political system and society, and how likely this absolute worst case scenario is.
Pretty please with sugar on top!