AIC 2016: China at a turning point – growth or stagnation?

Michael Pettis, Professor of Finance, Guanghua School of Management, Peking University discusses, at the AIC 2016, recent events in the Chinese equity and currency markets that have made it clear just how complex a task Beijing faces as it manages an extremely difficult adjustment to the deep imbalances created during three decades of rapid growth. How Beijing manages this adjustment will set the stage for the next three or four decades of growth or stagnation.

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