By Michael Pettis
I don’t have much to add to the voluminous analysis, especially since I don’t think anything has changed the underlying trend. Both the historical precedents and the arithmetic of rebalancing mean, in my opinion, that Chinese growth will continue to slow sharply for many years as a function of China’s economic rebalancing.
About The Author - Michael Pettis is a Senior Associate at the Carnegie Endowment for International Peace and a finance professor at Peking University. He received an MBA in Finance, and an MIA in Development Economics, both from Columbia University. Michael is also the author of The Volatility Machine, and maintains a blog at china financial markets. (EconMatters author archive here)
The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.
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