Eight Questions: Nick Lardy, ‘Sustaining China’s Economic Growth’.

Nicholas Lardy published his first book on China’s economy in 1978, when the country’s market-driven makeover was still in its infancy. A little more than three decades later, with some worried that the China thrill-ride may finally be coming to an end, Mr. Lardy steps with a new book, “Sustaining China’s Economic Growth after the Global Financial Crisis,” that takes a detailed look at the causes and remedies of the imbalances in the world’s second largest economy.

China Real Time Report caught up with Mr. Lardy, currently a senior fellow at the Peterson Institute of International Economics, to get his thoughts on where China’s economy is heading and what it means for the U.S. Edited excerpts below:

How would you rate China’s response to the global financial crisis?

The success of China’s stimulus is reflected in the numbers: China’s growth rate ticked down only slightly in 2009 to 9.2 percent while the rest of the world suffered its sharpest decline in output in 60 years.READ MORE