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China’s Footprints on the Global Economy
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China’s Footprints on the Global Economy

Remarks Delivered at the Second IMF and Federal Reserve Bank of Atlanta Research Workshop on the Chinese Economy

Shaghil Ahmed
Federal Reserve Board, 2017
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Editorial Rating

8

Qualities

  • Analytical
  • Well Structured

Recommendation

When the Chinese economy sneezed in 2015, the rest of the world risked catching a cold, with an ensuing fall-off in global commodity prices and talk of recession. While the global economy has since moved on, the threat of a potential China-led worldwide recession is not yet fully in the past. The Federal Reserve’s Shaghil Ahmed spells out, in a succinct and balanced manner, the effects a severe slowdown in Chinese growth could have on the United States and other nations. getAbstract recommends this finely crafted take on Chinese risk to investors and executives. 

Take-Aways

  • The Chinese economy is confronting some risks that have the potential to spill over to the rest of the world.
  • The Chinese government’s move to provide stimulus to its economy following the 2008 financial crisis has led to overcapacity in some sectors and a boom in property values.
  • A major decline in property prices, fallout from shadow banking exposure or a plunge in the value of the renminbi could balloon into a full-blown disaster.

About the Author

Shaghil Ahmed is an associate director in international finance at the Federal Reserve.

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