The Conventional View of China's Problems May Be All Wrong: Q&A
- Surging debt isn’t necessarily bad, says Yukon Huang
- Ex-World Bank director says migrants are key to rebalancing
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China’s contribution to global growth and the havoc a hard landing there might cause should make it one of the world’s best-understood economies. Unfortunately, that’s not the case, says Yukon Huang, a senior fellow at the Carnegie Endowment for International Peace in Washington.
Too many analysts approach China from a Western perspective, using frameworks that don’t fit and misread the effects of unique domestic conditions, argues Huang, who is also author of the book, “Cracking the China Conundrum: Why Conventional Economic Wisdom Is Wrong.”