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Zenger
Zenger
World
Navdeep Yadav

Paul Krugman Warns Of ‘Very Nasty Fall’ For China

Paul Krugman Xi Jinping China Europa Press Economy United States
The North American economist Paul Krugman, poses after an interview with Europa Press at the Rafael del Pino Foundation in Madrid, Spain on February 17, 2020. Paul cautioned that if the Xi Jinping-led administration does not return to its communist roots, China's economy could experience a serious decline. RICARDO RUBIO/EUROPA PRESS/GETTY IMAGES

Renowned economist Paul Krugman warned that China’s economy could face a significant downturn unless the Xi Jinping-led administration returns to its communist roots.

What Happened: Krugman, in a New York Times audio essay, expressed his views that China’s economic challenges are exacerbated by its reluctance to provide financial aid to its citizens and businesses.

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