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    "Michael Pettis"
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Source: Getty

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.

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By Michael Pettis
Published on Jul 12, 2013
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Asia

The Asia Program in Washington studies disruptive security, governance, and technological risks that threaten peace, growth, and opportunity in the Asia-Pacific region, including a focus on China, Japan, and the Korean peninsula.

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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
    Is China’s High-Quality Investment Output Economically Viable?

      Michael Pettis

  • Commentary
    What GDP Means in a Soft Budget Economy Like China

      Michael Pettis

Michael Pettis
Nonresident Senior Fellow, Carnegie China
Michael Pettis
EconomyTradeEast AsiaChina

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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