You are here
China market was bound to slump after rapid expansion
IF the price of a commodity, say milk, rises, demand will decline and (other things being equal) the price should fall back to a level where equilibrium is restored, observes Koichi Hamada in a homely analogy that belies his status as a professor emeritus of economics at Yale University.
- CALL +65 6388 3838
- EMAIL email@example.com