Stephen Roach, former Chairman of Morgan Stanley Asia, believes that the US and China’s codependency will lead to further imbalances in the global economy. In June last year, an unlikely set of visitors descended upon a private estate at the edge of California’s Mojave Desert. Over the next two days, the leaders of the two […]
Stephen Roach: China is moving to a healthier growth model
According to former Morgan Stanley Asia Chairman Stephen Roach, China is transitioning to a more stable economic model with a greater—and healthier—emphasis on consumption and services. China’s economy is showing more signs of slowing down, but it’s the interpretation of the slowdown that really matters. Some, like billionaire investor George Soros, warn that China’s economy is “running out […]
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