Michael Pettis on What Evergrande Means for China’s Macro Economy
Odd Lots
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China's Economic Crossroads
This chapter examines the intricate economic challenges China faces as it grapples with a growth model heavily reliant on debt. It explores potential strategies for transitioning to a more sustainable economy, addressing issues like real estate valuation and energy crises. Additionally, the discussion highlights the tensions between local and central government perspectives on recovery, alongside the implications for China's role in the global economy post-COVID-19.
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