Michael Pettis(@michaelxpettis):Lingling Wei: "Earlier this year, I put a blunt question to an adviser to China’s central bank: With the property bust grinding into its fourth year, how likely was it that the country’s strained financial system would finally crack into a full-blown crisis?"

Michael Pettis

@michaelxpettis

Senior Fellow, Carnegie Endowment. For speaking engagements, please contact me at chinfinpettis@yahoo.com

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Michael Pettis@michaelxpettis

2026.09.15 15:08

Lingling Wei: "Earlier this year, I put a blunt question to an adviser to China’s central bank: With the property bust grinding into its fourth year, how likely was it that the country’s strained financial system would finally crack into a full-blown crisis?"