El-Erian, Krugman and other economists have very different opinions on China's struggling economy
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China's economy is facing headwinds including an ailing stock market, deflation, and a property crisis. Some economists, like Nobel laureate Paul Krugman, believe that China is entering an era of stagnation and disappointment, citing bad leadership, high youth unemployment, and a troubled real estate market. On the other hand, there are economists who remain optimistic about China's growth potential, such as the Institute of International Finance, which forecasts 5% growth in 2024. JPMorgan Private Bank also sees resilience in certain segments of the Chinese economy and believes that China's role as a global manufacturer will continue. The divide between China bulls and bears reflects the uncertainty surrounding China's economic future.

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https://www.cnbc.com/2024/02/09/el-erian-krugman-and-other-top-economists-voice-china-opinions.html