Antonia Reinecke and Hans-Jörg Schmerer
in: Reinecke, Antonia, Hans-Jörg Schmerer, Carsten A. Holz, Frederik Kunze, Torsten Windels, Horst Löchel and Markus Taube,
"China’s Growth Model in Trouble: How Great is the Risk for the World Economy?", ifo Schnelldienst 69 (07), 2016, pp. 5-20.
The year began with a glut of bad news about economic developments in China. What are the implications for Germany and Europe? In view of the overcapacity that has accumulated, Antonia Reinecke and Hans-Jörg Schmerer, FernUniversität Hagen, see a shift away from China’s established growth strategy as inevitable. The world economy‘s dependence on China, however, should not be overestimated.