A Money and Markets article by Jack Crooks
An interesting phenomenon seems to infect the human psyche in the field of investing and economics. It's the idea that "this time it's different." Regarding China, we continue to hear the nonsensical mantra that the country displays capitalism with Chinese characteristics, therefore China will continue to grow uninterrupted.
I say to that, dream on! And I'm not the only one. Michael Pettis, a finance professor at Peking University's Guanghua School of Management, offered this insight:
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