Episode Details

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 Bubbl