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Podcast: Michael Pettis on the mechanics of trade and the Chinese economy

Summary:
[embedded content]Alphachat is available on Acast, iTunes and Stitcher.In this two part-part episode (Part 1 above, and click here for Part 2) we speak with Michael Pettis, finance professor at Peking University and the first-ever guest on Alphachat way back in 2011.In Part 1 we talk about the analytical framework in Michael’s book The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy, and its heightened relevance this year given the endless political tensions about global imbalances and trade agreements.Here’s an excerpt from the introduction of the book:Although in a well-managed global economy with few distortions and flexible financial systems there are always likely to be countries with current account surpluses and deficits, in fact it is worth

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