"Econ 102" with Noah Smith and Erik Torenberg cover image

Why China is Primed for Economic Carnage Worse than the US Financial Crisis of 2008

"Econ 102" with Noah Smith and Erik Torenberg

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Intro

This chapter examines the significant economic challenges currently affecting China, likening them to the U.S. financial crisis of 2008. It emphasizes the precarious state of China's real estate market and the implications of its state-controlled banking system on future financial stability.

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