For once, Michael Pettis is wrong

Monday, 16 August 2021

A terrific interview with Michael Pettis from Bloomie:

I disagree with nothing that Professor Pettis describes except the timing. I do not think that China is going to rebound in H2 on property and infrastructure investment. On the contrary.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.