The Chinese Economy is in Trouble, and the Global Economy Could Feel the Pain

After decades of economic growth, China is now facing economic distress from years of imbalanced policies that have inflated massive housing and credit bubbles. With China has the world's second largest economy, this could have dire consequences for other countries, including the U.S. How has China has gotten in this predicament? What does the situation look like right now? Desmond Lachman from the American Enterprise Institute joins the show. 

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