Pettis worries that China’s stuck in a groove
Investment banker turned economics professor Michael Pettis speaks to Lawrence White about the risk of increased trade tensions, the difficulty of changing China’s growth model – and the thriving local rock music scene.
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“Shifting the model [towards domestic consumption] means undoing many of the policies that made China’s recent success in the first place”
Michael Pettis, Guanghua School of Management |
SAT AT A sunlit table outside a Beijing coffee shop, cigarette in hand and dressed in checked shirt and jeans, Michael Pettis discusses the local music scene with lively, informed enthusiasm.
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