Chinese Credit Bubble May Affect Global Economy, Expert Tells Rutgers Conference

Julia Coronado, president and founder of MacroPolicy Perspectives, speaking at a conference hosted by the Rutgers Center for Real Estate. (Steve Lubetkin Photo/StateBroadcastNews.com)

SHORT HILLS, NJ—China is driving the global economic growth cycle but is facing a day of reckoning because of its liberal use of credit, according to Julia Coronado, president and founder of MacroPolicy Perspectives, an economic research consulting firm. Coronado was the keynote speaker recently at a conference hosted by the Rutgers Center for Real Estate.

“China is in the driver’s seat. Just from a pure accounting standpoint, the magnitude of the economy and the level of growth accounts for more than half of growth directly, and then indirectly through its impact on commodities prices and emerging markets, that is the driver,” she said to about 250 commercial real estate market participants at the conference at the Short Hills Hilton.