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EssentialThe Essential Conversation

Beyond Evergrande: Can China Shoulder Its Massive Debt Burden?

Featuring Michael Pettis and Michael Nicoletos

Oct 13, 2021 • 46 minutes

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Essential

The Essential Conversation

Beyond Evergrande: Can China Shoulder Its Massive Debt Burden?

Michael Pettis and Michael Nicoletos discuss how China will navigate its ongoing debt crisis.

Featuring Michael Pettis and Michael Nicoletos

Oct 13, 2021 • 46 minutes

Michael Pettis, senior fellow at the Carnegie-Tsinghua Center for Global Policy, has been worried for many years about China’s growing debt burden. But now that firm after firm in the country is facing a bankruptcy crisis requiring bailouts, China is truly at a crossroads: the country’s level of non-productive investment must come down—the only question is where. Will it come from a rising trade surplus or increased consumption by China’s cash-strapped citizenry? Or will the Chinese Communist Party be forced to accept lower—much lower—levels of economic growth for China? Pettis discusses alongside macro investor Michael Nicoletos, who asks about serious investment implications on commodities, foreign capital flows, the Chinese yuan, and global risk assets. Filmed on October 8, 2021. Show More

The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

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The Essential Conversation is the world's premier financial-market-focused conversation series. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. Tune in to peer-to-peer conversations between the brightest minds in the investing world, and tune up your portfolio.

More Episodes

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