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China May Increase Investment as Stimulus, Guosen’s Pettis Says

Sept. 20 (Bloomberg) -- China may increase investments as possible stimulus plans if the economy slows “sharply,” Michael Pettis, chief strategist at Guosen Securities Co., said in an interview with Bloomberg Television today.

China’s debt levels are much worse than 2008, when the government unveiled a 4 trillion-yuan stimulus package to counter the impact of the global financial crisis, he said.

To contact the reporter on this story: Bloomberg News in Shanghai at szhang5@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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