Tag: Real estate bubble

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Krugman: Will China Break?

At The New York Times, Paul Krugman points to China as an emerging “danger spot” in the world economy, and warns that even if Beijing is able to plot a course through looming trouble, it may lack the control necessary to stick to it.Some commentators say not to worry, that China has strong, smart leaders who will do whatever is necessary to cope with a downturn. Implied though not often