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