‘Ticking Time Bomb’ for US, China Eco Relations
Bloomberg Businessweek
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Is China a Ticking Time Bomb?
President Biden is correct that there are a number of really serious problems in China right now, says Tom Orlick. Property is the most important driver of China's growth; when you have problems in property, you're problems everywhere else as well. My suspicion is that in the years ahead, China faces a continued slowdown in growth but is China going to blow up? Is China going to have a kind of Lehman moment like the US did in 2008? I think the answer to that is probably no.
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