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math | 3 years ago

Michael Pettis did a great interview recently that covers why growth in China is likely to stall: https://www.youtube.com/watch?v=WE5VczIFGZA

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jpgvm|3 years ago

Stall no. Moderate yes.

I think a large part depends on if they are able to translate their infrastructure spending away from unprofitable or marginally profitable ventures like bridges into high-tech nuclear industry, more battery and solar tech, semi-conductors & lithography, etc.

They are certainly capable (we saw that with EVs, batteries and solar already) but proof will be in the pudding.