'There is increasingly a consensus in Beijing that China’s excessive reliance on surging debt in recent years has made the country’s growth model unsustainable. Aside from the economy’s current path, there are only four other paths China can follow, each with its own requirements and constraints.'
To review this assessment by Professor Michael Pettis, please download his article here which can be found on the Carnegie Endowment for Peace Website.
Our thanks to the Carnegie for kindly sharing this article.
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