Up Shibor Creek

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In The Media

Up Shibor Creek

Overinvestment in China is creating debt problems, an experience that is similar to other historical investment-led growth miracles.

By Michael Pettis

Published on Jul 12, 2013

Source: Financial Times

Carnegie's Michael Pettis joined the Financial Times' Alphavilla podcast with Cardiff Garcia, Kate MacKenzie and David Keohane to discuss China's growth rate, the Shibor spike and associated drive to constrain credit growth, and the risk of social unrest and the dangers of social control.

This podcast was originally published by the Financial Times.

About the Author

Michael Pettis

Nonresident Senior Fellow, Carnegie China

Michael Pettis is a nonresident senior fellow at the Carnegie Endowment for International Peace. An expert on China’s economy, Pettis is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.

Recent Work

Commentary
The Plaza Accord and Its Relevance for China
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Commentary
Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?
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Economy Trade East Asia China

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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