Here’s one of the best bearish presentations you’ll see on China, by Michael Pettis at the annual CFA conference. Pettis compares China’s “miracle growth” story to that of Germany in the 1930s, the Soviet Union in the 1960s, and Japan in the 1980s – not the best company!
Here’s the summary of Pettis’ compelling case, courtesy of Rebecca Fender at the CFA Institute. And the link to the full video: Michael Pettis: China is Going to Collapse
Big hat tip to JL, who attended live and gave us the heads up!