Nobel laureate Paul Krugman criticizes China's leaders for their reluctance to increase government spending to support consumer demand and warns that this lack of action poses a threat to the world.
Nobel laureate Paul Krugman criticizes China's leaders for being "bizarrely unwilling" to increase government spending to support consumer demand instead of production. He states that this lack of realism poses a threat to the world. Krugman echoes US economic officials' criticism that China cannot simply export its way out of trouble, given concerns over overproduction and heavily subsidized product dumping.
June 03, 2024
3 Articles