China’s economic troubles are a result of the post-2008 ‘debt supercycle’ finally coming back to bite it, Harvard economist says

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Chinese President Xi Jinping. Reuters/Pool China is being hit by a "debt supercycle" that began with the 2008 financial crisis, Kenneth Rogoff said. The top economist pointed to signs of trouble in the nation's weakening property market. The bloated property sector is now yielding diminishing returns, he said. China's economic troubles are the result of a debt bubble that began in 2008 – and the money used to prop up growth in the country over the past decade is now finally coming back to bite, according to top economist Kenneth Rogoff. In an op-ed for Project Syndicate last week, the...