Monday, October 03, 2016

China's Debt_ China is BIGGEST threat to world economy and WILL crash soon, Harvard professor warns

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China is BIGGEST threat to world economy and WILL crash soon, Harvard professor warns

CHINA'S debt bubble and slowing economy is a huge risk to the rest of the world's financial systems, according to a terrifying warning from a professor of economics at Harvard University.

By Lana Clements

PUBLISHED: 14:32, Mon, Sep 26, 2016 | UPDATED: 15:54, Mon, Sep 26, 2016

Photo: Ken Rogoff's biggest fear is China's slowdown

In a series of chilling comments, former International Monetary Fund (IMF) economist Kenneth Rogoff aired his fears of a repeat on last summer’s worldwide market crash, which was sparked by China’s slowdown.

The professor also accused the Chinese government of fixing measures of growths.

And said he is worried about what will happen when the credit-fuelled growth of the colossal economy eventually comes to an end.



Worries over China's economy triggered a market meltdown earlier this year


READ MORE: http://www.express.co.uk/finance/city/714512/China-world-economy-BIGGEST-risk-and-WILL-crash-soon-Harvard-professor-warns
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