Why China faces four per cent growth: Pt. 2

China's great rebalancing will not result in the rapid growth in consumption many analysts predict.

This article is the second in a two-part series. The first half was published Friday 13 September, where Michael Pettis argued the upper limit of growth in China over the next ten years was four per cent because China would struggle to achieve a consumption rate of 70 per cent of GDP and investment could not be sustained at 49 per cent of GDP, an historical anomaly for emerging economies. He continues below.


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