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Herschel I. Grossman

Herschel I. Grossman

3 commentaries

Professor of Economics at Brown University.

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  7. roach129_JEWEL SAMADAFP via Getty Images_alibabaNYSE Jewel Samad/AFP via Getty Images

    China's Animal Spirits Deficit

    Stephen S. Roach

    The Chinese government has taken dead aim at its dynamic technology sector, the engine of consumption-led economic rebalancing. The authorities' recent actions are symptomatic of a deeper problem: the state’s battle to control the energy of animal spirits could sap the confidence of households and businesses.

     worries that the recent official crackdown on tech companies will strangle the economy's most dynamic sector.
    12

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