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The distinguished knowledgeable on Chinese language finance, Michael Pettis, is the most recent scholar to problem the favored narrative that China engages in predatory lending overseas. As an alternative, the Peking College professor attributes the surge of Chinese language loans to much less developed international locations on “inexperience” and “dangerous lending practices.”
Pettis explained in a four-part Twitter thread that China’s sample of exuberant lending was additionally not distinctive:
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