• Kenneth Rogoff


Beware a Chinese slowdown. Kenneth Rogoff, October 6, 2014, Opinion. "While virtually every country in the world is trying to boost growth, China is trying to slow it down to a sustainable level. As the country shifts to a more domestic-demand driven, services-oriented economy, a transition to slower-trend growth is inevitable and desirable. But the challenges are immense, and no one should take a soft landing for granted.  As China’s economy grows relative to those of its trading partners, the efficacy of its export-led growth model must inevitably fade. As a corollary, the returns on massive infrastructure investment, much of which is directed toward supporting export growth, must also fade..." Link  Verified October 19, 2014