Tuesday, February 02, 2016

China´s economy lacks direction - Arthur Kroeber

Arthur Kroeber
Arthur Kroeber
China´s economy might not be in acute trouble, she is certainly lacking directing, says economist Arthur Kroeber in the Irish Times " China is unlikely to collapse, but it does risk losing its way."

The Irish Times:
Dragonomics economist Arthur Kroeber said the 11 per cent plunge on the stock markets in the early days of the year certainly gave the impression that the Chinese economy was in serious trouble and the lack of clear direction in President Xi Jinping’s economic reforms was problematic. 
“Today China is a country without a clear economic direction, and this shows up in a steadily slowing rate of private investment. The fault for this lies squarely with Xi. We have no idea whether Xi understands what modern markets require, or how he hopes to reconcile their demands with the Leninist-Confucianist paternalism he is busy imposing on the rest of society. China is unlikely to collapse, but it does risk losing its way,” said Kroeber.
More in the Irish Times.

Arthur Kroeber is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch or fill in our speakers´request form.

Are you looking for more financial experts at the China Speakers Bureau? Do check out this list.    
Post a Comment