Economics
Professor Sufi: An Ironclad Rule of Economics Suggests China Is Headed for a Downturn
Excesses in debt and durables.
Don't hold your breath waiting for a soft landing.
Photographer: Kevin Frayer/Getty ImagesThis article is for subscribers only.
It's possible that the world's second-largest economy is already in recession, according to Amir Sufi, professor of economics at the University of Chicago and co-author of House of Debt.
Because of concerns about the quality of Chinese data, and in particular the manner in which nominal figures are deflated, economists have a number of different proxies to try to get a more accurate picture of the economy's health.