Tom Orlik, Columnist

China's Gift for the Next President

The next global financial crisis could be made in Asia.

November 6, 2016 at 10:00 PM UTC

Tom Orlik is the chief economist for Bloomberg Economics. He’s the author of “Understanding China’s Economic Indicators,” a guide to China’s economic data. He’s based in Washington, DC, following more than a decade in Beijing.

Obama faced a crisis partly made in China.
Photographer: Sasha Mordovets/Getty Images

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Back in 2008, incoming President Barack Obama inherited a U.S. financial crisis that was to some degree made in China. The next U.S. president may well confront a Chinese financial crunch with its origins in the U.S., as China unwinds the credit imbalances built up over the last eight years to defend against that global slump.

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