In Restructuring the Chinese Economy, Michael Pettis outlines six paths that China can follow—the only logical paths that lead ultimately to. Avoiding the Fall: China’s Economic Restructuring. MICHAEL PETTIS. Copyright Date: Published by: Carnegie Endowment for International Peace. Avoiding the Fall has 98 ratings and 6 reviews. The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean t.
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Avoiding the Fall: China’s Economic Restructuring – Michael Pettis – Google Books
Preview — Avoiding the Fall by Michael Pettis. Luke rated it it was amazing Mar 20, Mike rated it really liked it Jul 18, Nonetheless Keen was right overall that global debt and housing price rises would lead to serious trouble. Sub three percent growth is a certainty.
Additionally, the cost of investment in one sector of the Chinese economy may bounce back to a completely unrelated sector. Jan 20, Liam rated it it was amazing.
Avoiding the Fall: China’s Economic Restructuring by Michael Pettis
And much petttis it makes it ptetis like Pettis has invented some of the more basic concepts. A Chinese rebalancing is inevitable and the most interesting question is how it will occur. But China’s growth is actually heavily capital-intensive.
Mauricio Santoro rated it really liked it Jun 22, The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.
My library Help Advanced Book Search. This closed-loop system may end up being extremely harmful to China in just a few years.
Avoiding the Fall: China’s Economic Restructuring
Ayman Hindy rated it really liked it May 05, Account Options Sign in. If China’s comparative advantage were cheap labor, we would expect its growth to be heavily labor-intensive as businesses laded up on the most efficient input.
But in fact this doesn’t seem to be reflected in the economy. It may well be wrong, but it is definitely not crazy and definitely is fascinating. This is just arithmetic. Pettis thinks that China is fsll over investing in infrastructure and that this petgis has become unproductive.
This leads into another key point: Jonathan Tepper rated it really liked it Oct 13, Thanks for petttis us about the problem. When Brazil crashed it was not at a world leading level of wealth per capita. Michael Pettis debunks the lingering bullish expectations for China’s economic rise and details Beijing’s options.
Want to Read saving…. Steve Waas rated it liked it Nov 16, If you have read his previous book: Politics in China hindered the types of changes required to allow the country to keep growing in a positive manner.
James Fee rated it it was amazing Mar 02, Apr 29, Tirath rated it it was amazing. Open Preview See a Problem?
As a result, although China continued to post spectacular GDP growth numbers, this growth came with a cost – unsustainable imbalances and even faster growth in debt. Vineet Tandon rated it liked it Mar 22,