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Michael Pettis
michaelpettis.bsky.social
did:plc:aday7msfnpqba7psqpjq3pij
2/15
a problem in China for at least 10-15 years, it's latest manifestation was a direct consequence of the collapse of a property bubble which was itself set off by policies Beijing implemented in order to protect the economy from an earlier case of weak demand and deflation.
2025-08-23T06:28:30.626Z