Support us China's economy isn't on the verge of collapse. Image: X Screengrab China has been on the verge of collapse for more than 20 years. In 2001, lawyer and commentator Gordon Chang published “The Coming Collapse of China.” The book famously predicted that China’s economic model would fail within a decade. The decade passed. The prediction was revised, republished and absorbed into a durable genre that has survived every missed deadline. The crisis, by Chang’s and others’ readings, was always near. Consider two other prominent figures on opposite ends of the China collapse spectrum. Nouriel Roubini earned the nickname “Dr. Doom” even before predicting the 2008 global financial crisis. In 2011, he warned that China faced a meaningful probability of a hard landing. He pointed to its runaway debt, over-investment and infrastructure projects disconnected from real demand. The crash, he suggested, would come after 2013. By 2015, as the hard-landing consensus reached its peak, Roubini reassessed the evidence. He rejected the collapse scenario and argued instead for a “bumpy landing” — growth slowing, but without systemic failure. The prediction changed because the evidence changed. Peter Zeihan took a different angle.
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