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Michael Pettis on Persistent Imbalances in Post-Pandemic China
Odd Lots
The Economic Outlook for China in 2021
This year will look quite good, but it's mainly a reversal of how bad last year looked. Once that reversal in consumption has worked its way through, then we're back to the same old problem. Consumption is too low a share of GDP for China to generate growth rates much above 2% or 3%.
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