What’s really on Beijing’s agenda and where does that leave foreign investors

Michael Pettis, Finance Professor at Peking University's Guanghua School of Management in conversation with Ian Beattie, NS Partners.

[@felipefrutoramirezsj5342]

The private investors on the Chinese property sector just want government bailout (U.S.-style bailout to transfer public funds to private capitalists). But the government will just let the bubble burst, and so the capitalists are angry. Pettis is a "finance economist," not so much interested in productivity and distribution of wealth ("common prosperity).

[@jdtsb8856]

The resource person is very good, very well informed. Personally I would not invest in China ever. I prefer a country with more transparent policies. Also, how does the CCP expect consumer spending to go up when there is still significant part of the population that is below poverty line?