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Michael Pettis: China's Economic Growth Model Is Dying
Forward Guidance
The Implosion of the Chinese Real Estate Bubble
When the US real estate bubble popped in 2006, seven, eight, it had disastrous consequences. The whole Chinese economy was far more leveraged to real estate than even other economies. That's one of the reasons why many people think if you want to understand what is likely to happen to China, you should probably look at Japan post 1990, 1991 as a possible model.
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