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Michael Pettis on Persistent Imbalances in Post-Pandemic China
Odd Lots
The Impact of COVID on China's Economy
The Chinese economy just isn't adjusting very well while democracies are in the process of doing that adjustment. Even here, you know, even in the US, we have a handful of these like incredibly successful startups and tech giants. But for the vast majority of Americans, that's not like they're working for them. And so, you can imagine how in China, it's even more extreme where it's interesting.
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