Tag: Jan Kregel

Growth and Rebalancing: Jan Kregel on China’s Economy

Growth and Rebalancing: Jan Kregel on China’s Economy

The upheaval in Chinese interbank markets last week has prompted many to take a closer look at growth drivers and credit dynamics in China. Recent events have not come as a surprise to all, however. Some noted fund managers, such as Hugh Hendry and Jim Chanos, have been highly skeptical of the “China as the engine of global growth” […]

Chinese Growth and the Question of Economic Rebalancing

Chinese Growth and the Question of Economic Rebalancing

As far back as 2007, then premier Wen Jiabao described the Chinese economy as “unstable, unbalanced, uncoordinated and unsustainable”. Although the statement raised eyebrows at the time, Mr. Wen’s words seem to have done little to temper the optimism-infused consensus on China’s expected growth rate in the coming years.  One reason for this (apart from […]