Paul Krugman, Going Green In China, And The 'Which Way Is Up' Problem In Economics
September 26, 2021 at 16:29 PM EDT
Paul Krugman raises the issue of whether China is on the edge of seeing a real estate bubble burst, in the same way that Japan saw its real estate and stock bubble burst in 1990. This did lead to slower growth for Japan, but it was not a catastrophe.