Senior fellow Arvind Subramanian was mentioned in a Fiscal Times article on China's rapidly growing economy.
From the Article
As the U.S. remains in a state of seemingly permanent economic malaise and high unemployment, China is booming. This week, China reported $874 billion in exports in the first half of 2011, up 20 percent from a year earlier. The International Monetary Fund forecasts that China’s economy will surpass the U.S. economy in size as soon as 2016. China is the biggest foreign buyer of U.S. Treasury securities. But economists disagree about how the U.S. should respond to China’s extraordinary growth--or if it should respond at all.
“There is no evidence Chinese growth is hurting the U.S. Moreover, economic activity is a positive sum game, and we are actually benefiting from Chinese growth because of increased demand for our products,” says David Backus, an economist at New York University,
Others reject such a rosy view of the Chinese growth story. “China now makes the stuff we used to make. But what they are really exporting to us is unemployment,” says Joseph Gagnon, an economist at the Peterson Institute for International Economics, who previously worked for the Federal Reserve Board. Gagnon is among economists who believe that what is driving China’s growth is manipulation of its currency coupled with tight capital-market controls.