Pettis Debates Prasad on the Future of China’s Growth
Bloomberg Brief invited two leading China academics to discuss whether far-reaching reforms can maintain growth in the world’s second-largest economy at its current pace. Eswar Prasad says that expansion can continue at 6 percent to 7 percent, while Michael Pettis argues that rising debts and high costs of reform mean a sharp slowdown is inevitable. Next week, Bloomberg Brief features Prasad’s and Pettis’s counter-arguments in the second round of this debate.
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