Thank you, Dr. Pettis, for your insightful analysis. Readers may also find the following excellent analysis of China's sovereign risk to be of interest: www.garpdigitallibrary...
China is estimated to have nearly $1 trillion in exposure to U.S. subprime mortgage, automobile and credit card debt securities (CDOs), and an unknown amount of exposure to the derivatives 'house of cards'. China's economic outlook appears negative: see this excellent research report -
S&P Raises China's Rating, Derivative Losses Still a Concern [View article]
Wow. Talk about blatant fraud. S&P wasn't content to defraud investors around the world with phony ratings on subprime mortgage bonds, now they seek to do the same with Chinese bonds. See this excellent research report on China's economic outlook: www.globalsecuritieswa...
China: Replenishing Bank Capital [View article]
www.garpdigitallibrary...
What Is the U.S. - China Economic Outlook Under Obama? [View article]
www.garpdigitallibrary...
Chinese Manufacturing Numbers Reinforce Pessimist’s Outlook [View article]
www.globalsecuritieswa...
China: Killer Balance Sheets Striking Terror [View article]
www.garpdigitallibrary...
China's Negative Economic Outlook [View article]
www.garpdigitallibrary...
China's Impending Financial Crisis [View article]
www.globalsecuritieswa...
S&P Raises China's Rating, Derivative Losses Still a Concern [View article]
See also this revealing blog post: my.telegraph.co.uk/asi...
China's Negative Economic Outlook [View article]
www.globalsecuritieswa...