Economist Warns China Will Bear Costs of Upcoming Economic Rebalancing

Beijing-based economist Michael Pettis argues that a major global economic rebalancing is imminent and asserts that China will ultimately bear the financial burden, though he faces scrutiny over applying his theory to Washington.

1 Sept, 12:30 — 1 Sept, 12:30

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SCMPMostly Factual2h ago

If a ‘great rebalancing’ is coming, will China really have to pay for it?

Michael Pettis says a great rebalancing is coming and China will pay for it. It’s strange how the man who insists that power decides who pays never tests his claim on Washington. The Beijing-based economist has been warning that a great rebalancing is coming since he published a book called The Great Rebalancing. That was in 2013. His latest Foreign Affairs offering? You guessed it: “A Great Rebalancing Is Coming: Who Will Bear the Costs of a Global Trade Adjustment?” It’s the same plot: Toda...

By Alex Lo

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Economist Warns China Will Bear Costs of Upcoming Economic Rebalancing

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If a ‘great rebalancing’ is coming, will China really have to pay for it?

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