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Michael Pettis: China's Economic Growth Model Is Dying
Forward Guidance
Investment Opportunities Abroad and Belt and Road Initiative
China is looking for investment opportunities abroad through initiatives like the Belt and Road Initiative, aiming to invest excess savings in developing countries. However, only a small portion of these investments go to developing nations, with the majority being directed towards advanced countries. There have been concerns about debt trap diplomacy, but the intention was not to trap countries but to invest in developing regions. China's lending to developing countries mirrored past actions of other nations like the US, the Soviet Union, and Japan, which encountered challenges due to a lack of understanding in lending to developing nations.
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