OPINION

Beijing cannot prevent a real crash

News, Tyler Cowen, Published on 27/10/2016

» After many years of 7-10% growth, economies tend to overheat, creating bubbles that burst. That's what happened to South Korea and Japan in the 1980s and 1990s. But China's economy keeps plugging along (though probably not at its published growth rate of 6.7%), defying the predictions of doomsaying pundits. Some indicators show a recovery this year.