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hina's financial markets have been a subject of intense scrutiny in recent years. Michael Pettis, a well-known expert on the Chinese economy, has written extensively about the country's financial system. His work highlights the significant risks and challenges facing China's financial markets.

    Pettis argues that China's economic growth model is unsustainable and relies heavily on debt-fueled investment. This approach has led to a buildup of non-performing loans in the banking sector, which could have far-reaching consequences for the entire economy.