The Chinese government’s most immediate priorities are controlling the runaway debt and housing bubble that destabilised the economy. Photo: AFP
Richard Harris
Opinion

Opinion

The View by Richard Harris

A Chinese economic slowdown is good for the world. In time, it’ll be good for China too

  • Richard Harris says consolidation after the rapid growth of the 2000s will lower prices and curb interest rate rises, thereby stimulating the global economy. Beijing, too, could use the help to rein in runaway debt and retool the economy

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The Chinese government’s most immediate priorities are controlling the runaway debt and housing bubble that destabilised the economy. Photo: AFP
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