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Interview «The World Is not Willing to Absorb the Overproduction Coming Out of China»

themarket.ch / English

«If you build something useless that costs you 100, and you put it on your balance sheet and say that you are now richer by the amount of 100, you are fooling yourself. It’s worth zero»: Michael Pettis.
Interview

«The World Is not Willing to Absorb the Overproduction Coming Out of China»

Beijing-based economist Michael Pettis expects global trade conflicts to escalate. China is reaching the limits of its growth model, but Beijing is avoiding painful adjustments.
Mark Dittli 25.07.2024

published 10 months ago



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