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Roubini on China, currency issues, and domestic consumption in China.

05/17/2010

By letting the yuan China can shift the benefits to households, who will have more purchasing power, and reverse the shift that has taken place in the last 10 years, with domestic consumption making up about 36% of GDP- down by about 10 points from ten years earlier. State owned companies gained at the expense of households, as did infrastructure spending, but it is leading to misallocation of investments and hurting households. As a result China will hit a growth wall in the next 2-3 years, says Roubini.

Grouped Articles

The Obama-Romney Tariff

Wall Street Journal 10/04/2011

Europe’s Debt Crisis Is Casting a Shadow Over China

New York Times 05/17/2010

An Accord (and Lessons) to Remember

Wall Street Journal 09/21/2010

Taking On China

New York Times 09/30/2010

Yuan Revaluation for China's Own Sake

Wall Street Journal 10/02/2010

Three Faces of the New China

New York Times 09/25/2010

Robert Lighthizer and other experts call for trade and globalization practices that work for the U.S.

01/06/2010

The failure of the establishment of both parties in the USA to take action in the face of the loss of 5.6 million jobs in the last decade, with $4.3 trillion in trade imbalances. An issue which resonates with voters in the US and could lead to a fundamental realignent of American attitudes to globalization and free trade. The feeling that the free-trade deck is stacked against the USA by Asian countries. China's efforts to keep the yuan dollar exchange rate at levels that favor exports. China's accumulation of over $3 trillion in dollar reserves that are parked mostly in Treasury's that keep U.S. interests low. Distortons in the global economy from the failure to rebalance the world economy hurts China and the U.S.

Grouped Articles

The Obama-Romney Tariff

Wall Street Journal 10/04/2011

US-China trade relations: Speak less softly, carry a stick

Economist 09/25/2010

Taking On China

New York Times 09/30/2010

Americans Sour on Trade

Wall Street Journal 10/02/2010

The Engine That Pulled Us Out of Recession

Wall Street Journal 03/19/2015

What’s Our Duty to the People Globalization Leaves Behind?

New York Times 01/26/2016


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