Laws of economics catching up with China
March 27, 2012
Commentary by: Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth
“CHINA watchers are waiting to see whether the country has engineered a soft landing, cooling down an overheating economy and achieving a more sustainable rate of growth, or whether Asia’s dragon will crash to earth, as others in the neighbourhood have before it.
But some, particularly American politicians in this election year, focus on only one thing: China’s trade balance.”