Reading Michael Pettis: "Common Prosperity" vs. "Dual Circulation" [Ep. 133, Macropiece Theater] - a podcast by Jeff Snider, Emil Kalinowski

Beijing knows it wants to discontinue the country’s existing, unsustainable growth model. The latest "Common Prosperity" policy will only shift domestic demand at the margins; a full-fledged rebalancing will require a more radical transformation. A reading, by Emil Kalinowski.

----------WHO----------
Michael Pettis, Finance Professor at Peking University and Senior Fellow at Carnegie-Tsinghua Center, specializes in Chinese financial markets, economic history, global capital flows and the relationship between different sectors of national economies. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Amber Lights" by Chill Cole at Epidemic Sound.

----------WHAT----------
Will China’s Common Prosperity Upgrade Dual Circulation?: https://bit.ly/2Z6CoCr

----------WHERE----------
Michael's Blog: https://carnegieendowment.org/chinafinancialmarkets
Michael's Twitter: https://twitter.com/michaelxpettis

Emil's Twitter: https://twitter.com/EmilKalinowski
David's Art: https://davidparkins.com/

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