Leading economist says china must transform its growth model soon Stephen Roach, one of the most prominent economists on Asia, is used to swimming against the tides of conventional wisdom. He was among the earliest voices on Wall Street to predict, in early 2001, that the United States economy was facing a long stretch of weak growth. During the 1997 Asian financial crisis, when most critics expected China to be one of many Asian countries to fall hard, Roach, who was then Morgan Stanley's chief economist, said China was not going to fall. He was right. Now, however, Roach is singing the praises of China's economy to a more common tune: The economy must change its growth model - now. ... Lire...
9/18/11
La Chine doit changer de modèle économique et corriger les déséquilibres mondiaux | China Daily
Leading economist says china must transform its growth model soon Stephen Roach, one of the most prominent economists on Asia, is used to swimming against the tides of conventional wisdom. He was among the earliest voices on Wall Street to predict, in early 2001, that the United States economy was facing a long stretch of weak growth. During the 1997 Asian financial crisis, when most critics expected China to be one of many Asian countries to fall hard, Roach, who was then Morgan Stanley's chief economist, said China was not going to fall. He was right. Now, however, Roach is singing the praises of China's economy to a more common tune: The economy must change its growth model - now. ... Lire...
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