Michael Pettis(@michaelxpettis):I just finished Logan Wright's new book on the Chinese economy. It provides a great deal of data to support the claim that China’s enormous credit expansion is running out of room, leaving Beijing under growing pressure to rely on exports to keep economic activity from declining.

Michael Pettis

@michaelxpettis

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

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Michael Pettis@michaelxpettis

2026.09.19 09:32

I just finished Logan Wright's new book on the Chinese economy. It provides a great deal of data to support the claim that China’s enormous credit expansion is running out of room, leaving Beijing under growing pressure to rely on exports to keep economic activity from declining.