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This is how to tell whether China is really heading in the right direction
This is how to tell whether China is really heading in the right direction
Linette LopezJan 28, 2016, 23:52 IST
A guard stands in front of the Great Hall of the People at sunrise March 6, 2004, where China's parliament, the National People's Congress, is meeting until March 14.Reuters
Economist Michael Pettis, a superstar of China analysis, wrote a must-read (but massive) blog post on the state of the Chinese economy and whether planned reforms are likely to work.
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There are a lot of uncertainties in terms of timing and policy implementation, he said.
What Pettis considers a certainty is how the world will know China's serious problems with debt and overcapacity are being dealt with.
