The invited policy session of the 78th Economic Policy panel meeting will feature Kenneth Rogoff of Harvard University presenting new evidence of China’s heavy reliance on real estate and infrastructure construction as a central part of its economic growth. The report reveals that the share of these two sectors in China’s GDP far exceeds the levels found in the United States and Europe; only Spain in the run-up to its financial crisis came close. Professor Rogoff’s research also employs a newly

Tag-uri: Real Estate