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Opinion
Letzte Aktualisierung: October 5, 2021

Connecting the dots in China

By Stephen S. Roach
Stephen S. Roach, US-amerikanischer Wirtschaftswissenschaftler und Senior Fellow am Jackson Institute for Global Affairs der Yale University sowie Dozent an der Yale School of Management
Stephen S. Roach is a faculty member at Yale University

The debt problems of Chinese real estate group Evergrande have the markets in turmoil. Stephen Roach explains why even bankruptcy would not have serious consequences. However, the US economist sees far greater problems that have their roots in current Chinese politics.

All eyes are fixed on the dark side of China. We have been here before. Starting with the Asian financial crisis of the late 1990s and continuing through the dot-com recession of the early 2000s and the global financial crisis of 2008-09, China was invariably portrayed as the next to fall. Yet time and again, the Chinese economy defied gloomy predictions with a resilience that took most observers by surprise.
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