Economist Michael Pettis says China’s trade surplus and the U.S. trade deficit are two sides of the same global imbalance, not separate domestic issues as the IMF suggests. He argues that linkage helps sustain U.S. overconsumption.
published
Economist Michael Pettis says China’s trade surplus and the U.S. trade deficit are two sides of the same global imbalance, not separate domestic issues as the IMF suggests. He argues that linkage helps sustain U.S. overconsumption.
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