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Michael Pettis
michaelpettis.bsky.social
did:plc:aday7msfnpqba7psqpjq3pij
7/15
The consequence was perhaps predictable: the creation of excess capacity in the property sector now shifted to the creation of excess capacity in the manufacturing sector, and especially in politically preferred sectors, like solar panels, EVs and batteries.
2025-08-23T06:28:30.736Z