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Erschienen in:
2016 | OriginalPaper | Buchkapitel
The Future
verfasst von : Paul Armstrong-Taylor
Erschienen in: Debt and Distortion
Verlag: Palgrave Macmillan UK
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As I write this in September 2015, global financial markets have slumped on fears of a slowdown, even a crisis, in China. I think this is as overly pessimistic as the prophecies of a “Chinese Century” were overly optimistic. China is slowing, but this is both expected and desirable. It is undergoing a necessary transformation from which it will emerge with slower but more stable growth. The financial reforms that we have discussed in this book are an important part of that transition. It will not be easy, and there may be minor disruptions on the way, but there is no reason to think that China cannot succeed.