China's Economic Growth Model Is Dying | Michael Pettis

Michael Pettis, Professor of Finance at Peking University and senior fellow at the Carnegie Endowment for International Peace, joins Jack Farley to share his thoughts on the Chinese economic growth model, which Pettis argues faces severe challenges.
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Timestamps:
00:00 Intro
00:40 China's Economic Growth Model
18:32 The Explosion of Debt in China
26:01 Van Eck ad
26:51 Domestic Consumption In China
35:04 How The Chinese Banking System Actually Works
39:04 Beijing's Controlled Demolition Of The Chinese Real Estate Bubble
43:20 Trade Imbalances Have Facilitated Massive Debt Creation in The U.S. And China
49:01 Why China's Use Of The Dollar Will Likely Continue
01:00:46 The Chinese Stock Market Does Not Track The Chinese Economy
01:02:45 Is The People's Bank Of China Adding Liquidity?
01:04:55 Chinese Growth in 2023 Could Actually Be Strong Relative To The U.S.
01:08:28 Closing Thoughts On Long-Term Chinese Economic Growth: Why The Pessimists Aren't Pessimistic Enough
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.