AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
Michael Pettis: China's Economic Growth Model Is Dying
Forward Guidance
The Three Red Lines of the Chinese Real Estate Market
Beijing controls so much of the lending, oh, lend this much to steel, this much to real estate. Once they decided that and said, you can no longer borrow, that sort of caused the whole thing to collapse. As a share of GDP, Chinese residential real estate is almost certainly the highest in the world. But even if they're able to stabilize it, and I'm not sure they can, that means stabilizing it at prices which would still be thehighest in the world relative to GDP.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode