China’s economy needs help too
Article by: Cait O’Callaghan
“…China is losing a lot of money and its economy is slowly down-turning.”
Yasheng Huang, a professor of political economy and international management from the MIT Sloan School of Management came to Suffolk on Monday to talk about the dynamics and challenges of China’s economy.
The author of 2008’s Capitalism with Chinese Characteristics, Huang talked about China’s consumption decline, their rural economy and China’s biggest challenge: rebalancing their economy.
Many products in America have “Made in China” engraved on it. This is because China produces a lot of easy to make items, like shoes and shirts, and sells it to nations like the United States and countries in Western Europe.























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