Michael Pettis
Finance professor at Peking University's Guanghua School of Management, specializing in China's economy and global financial markets. He is the author of "The Great Rebalancing" and "Avoiding the Fall."
March 14, 2026·11 min read
The Dragon Slows Down
For four decades, China's economy grew at an average rate of nearly 10% per year — the fastest sustained growth of any major economy in history. Now growth is slowing, debt is rising, and the property sector is in crisis. Understanding China's economic transition is essential for understanding the global economy.
TOPICS
Chinaeconomicsglobal economyproperty crisisdevelopment
