The resource person is very good, very well informed. Personally I would not invest in China ever. I prefer a country with more transparent policies. Also, how does the CCP expect consumer spending to go up when there is still significant part of the population that is below poverty line?
The private investors on the Chinese property sector just want government bailout (U.S.-style bailout to transfer public funds to private capitalists). But the government will just let the bubble burst, and so the capitalists are angry. Pettis is a "finance economist," not so much interested in productivity and distribution of wealth ("common prosperity).
The resource person is very good, very well informed. Personally I would not invest in China ever. I prefer a country with more transparent policies. Also, how does the CCP expect consumer spending to go up when there is still significant part of the population that is below poverty line?
The private investors on the Chinese property sector just want government bailout (U.S.-style bailout to transfer public funds to private capitalists). But the government will just let the bubble burst, and so the capitalists are angry. Pettis is a "finance economist," not so much interested in productivity and distribution of wealth ("common prosperity).