China's slowdown may be stabilised for a few quarters, given the government's latest fiscal, monetary and credit injection; but this stimulus will only perpetuate the country's unsustainable growth model, one based on too much fixed investment and savings and too little private consumption. - in Today Online
Related: iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.