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Forward Guidance cover image

Michael Pettis: China's Economic Growth Model Is Dying

Forward Guidance

NOTE

The Class Implications of China Joining the WTO

The book 'Trade Wars, Our Class Wars' discusses the class implications of China joining the WTO and the boom in global trade that started in the late 1990s./nUS reliance on importing goods from China led to lower employment in the manufacturing sector, but what are the class implications in China?/nWhen other countries have open capital accounts, they cannot control the relationship between investment and savings, which leads to the US running a deficit.

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