AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
Michael Pettis: China's Economic Growth Model Is Dying
Forward Guidance
Learning from History of Lending to Developing Countries
Historically, major economies such as the US, the Soviet Union, and Japan have made similar mistakes to China when lending heavily to developing countries. China's approach to lending to countries like Ecuador, Venezuela, and Argentina in a rapid manner mirrors historical trends. The preference to invest excess savings in advanced countries rather than developing ones is due to the perceived safety associated with the former.
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