Tech Insider
Economy
Economy
Larry Summers
Lawrence Summers, then Director of President Barack Obama's National Economic Council, participates in a question-and-answer session during a luncheon with the Economic Club of Washington at the J.W. Marriott April 9, 2009 in Washington, DC.

Chip Somodevilla/Getty Images

  • China's economy is finally hitting a wall after years of optimism about the nation's future, Larry Summers said. 
  • According to Summers, US GDP is set to exceed China's for another generation. 
  • "No one should conclude that we can be complacent about the Chinese geopolitical challenge," he added. 

China's economy is finally hitting a wall after years of optimism about the country's future, former  Treasury Secretary Larry Summers said. 

Tags
economy, economy, china-economy-and-markets, global-economy, us-economy-outlook, Markets, larry-summers, treasury-secretary-larry-summers, China, china-economy, Deflation, china-property-market, Japan, Russia
Source
China's economy is hitting a wall after years of optimism, former Treasury Secr…