Summers Sees ‘Lot of Grounds for Concern’ About China’s Economy

Former U.S. Treasury Secretary Larry Summers comments on the state of China’s economy.(Source: Bloomberg)
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China is confronting as tough a time for its economy as it’s had in at least the last decade, former Treasury Secretary Lawrence Summers said.

“You have pretty clear evidence that things have slowed down a fair amount in China, regardless of what the statistics show,’’ he told Bloomberg Television on Wednesday. “There are a lot of grounds for concern.’’