Michael Pettis on Persistent Imbalances in Post-Pandemic China
Odd Lots
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China's Economic Resilience and Challenges Post-Pandemic
This chapter examines China's economic performance during and after the pandemic, noting a 2.3% GDP growth amid global contractions. It discusses the challenges of distinguishing between high and low quality growth, the implications for debt levels, and the sustainability of China's economic model. Additionally, the chapter highlights the ongoing debates within Beijing regarding growth targets and the necessary balance between maintaining growth and managing debt.
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