Michael Pettis is Professor of Finance, Guanghua School of Management, Peking University, author of The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy, Avoiding the Fall: China’s Economic Restructuring and The Volatility Machine: Emerging Economics and the Threat of Financial Collapse.
China will only grow by breaking its political elite and transferring wealth from the state to households, says Michael Pettis, professor of finance at Peking University. He talks to FT Alphaville’s David Keohane at Camp Alphaville in London.
