What Is China's Biggest Weakness? – Bloomberg View<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"By William Pesek: China’s debt reckoning is coming. Maybe not this quarter or this year, but Chinese President Xi Jinping’s unbridled effort to keep growth from falling below the official 7.5 percent target is cementing China’s fate….. Why then, with so many clear examples of financial excess leading to ruin, is Xi continuing down this … <\/p>\n
Continue reading “What Is China’s Biggest Weakness? | Bloomberg”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[41,45],"tags":[663,1416,1527,3094,3415],"class_list":["post-9978","post","type-post","status-publish","format-standard","hentry","category-china-hk","category-debt-levels","tag-china","tag-fiscal-stimulus","tag-gdp-growth","tag-shadow-banking","tag-tiananmen-square"],"yoast_head":"\nWhat Is China's Biggest Weakness? | Bloomberg - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is China's Biggest Weakness? | Bloomberg - the patient investor\" \/>\n<meta property=\"og:description\" content=\"By William Pesek: China’s debt reckoning is coming. 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He explains the Chinese growth model, why it no longer works, and the hard choices ahead. China's Growth Model China's growth\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"China Non-Financial Credit\/GDP","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-30-china-credit.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-30-china-credit.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-01-30-china-credit.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":14506,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/11\/18\/china-choosing-more-debt-more-unemployment-or-transfers-michael-pettis\/","url_meta":{"origin":9978,"position":2},"title":"China: Choosing More Debt, More Unemployment, Or Transfers | Michael Pettis","author":"ColinTwiggs","date":"November 18, 2016","format":false,"excerpt":"From Michael Pettis: I have often written in this blog and elsewhere about the three policy choices Beijing faces as it tries to manage through the adjustment process. My argument is that subject to two very plausible assumptions, every economic policy Beijing implements ultimately can be abstracted to one choice\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9981,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/06\/08\/chinas-investment-driven-growth-miracle\/","url_meta":{"origin":9978,"position":3},"title":"China’s Investment-Driven Growth \u201cMiracle\u201d","author":"ColinTwiggs","date":"June 8, 2014","format":false,"excerpt":"Worth Wray quotes Michael Pettis from his 2013 book, Avoiding the Fall: China\u2019s Economic Restructuring, about the future path of China's debt-laden economy: Every country that has followed a consumption-repressing, investment-driven growth model like China\u2019s has ended with an unsustainable debt burden caused by wasted debt-financed investment. This has always\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13475,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/06\/22\/rebalancing-wealth-transfers-and-the-growth-of-chinese-debt-michael-pettis\/","url_meta":{"origin":9978,"position":4},"title":"Rebalancing, wealth transfers, and the growth of Chinese debt | Michael Pettis","author":"ColinTwiggs","date":"June 22, 2016","format":false,"excerpt":"Michael Pettis summarizes China's debt dilemna: This, I think, is really the key point. There is no way Beijing can address the debt without a sharp drop in GDP growth, but as unwilling as Beijing may be to see much lower growth, it doesn\u2019t have any other option. It must\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14364,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/10\/17\/china-faces-debt-trifecta\/","url_meta":{"origin":9978,"position":5},"title":"China faces debt trifecta","author":"ColinTwiggs","date":"October 17, 2016","format":false,"excerpt":"From PIMCO: Given the size of its economy \u2013 and the high stock of debt for a country at its stage of development \u2013 China\u2019s leverage will be a global issue in the future, not just a China issue. 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