AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Michael Pettis: China's Economic Growth Model Is Dying
Forward Guidance
The Problem With China's Current Account Surplus
China runs a current account surplus. So they export more than they import. That that can be a very good model. But the problem is that all of this excess savings is running out of investment opportunities. The bad way you can reduce savings is with much slower GDP growth. And that's what China wants to avoid.
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