M
ichael Pettis' blog on China's financial markets has been a valuable resource for understanding the complexities of China's economic situation. His insights into the country's financial system, currency, and debt dynamics have provided a unique perspective on the challenges facing China.
Pettis argues that China's growth model is unsustainable due to its reliance on debt and investment rather than domestic consumption. He also highlights the risks associated with China's massive foreign exchange reserves and the potential for a sharp decline in asset prices.
The NY Times Upshot has also been following Pettis' work, providing analysis and commentary on his ideas. The Big Picture blog has similarly covered Pettis' views on China's financial markets, offering readers a deeper understanding of the country's economic landscape.
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