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	<title>China Financial Markets &#187; Trade war</title>
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	<description>Michael Pettis&#039; finance blog...</description>
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		<title>Who will pay for China&#8217;s bad loans?</title>
		<link>http://www.mpettis.com/2010/04/06/who-will-pay-for-chinas-bad-loans/</link>
		<comments>http://www.mpettis.com/2010/04/06/who-will-pay-for-chinas-bad-loans/#comments</comments>
		<pubDate>Wed, 07 Apr 2010 05:05:14 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Asian development model]]></category>
		<category><![CDATA[Balance sheets]]></category>
		<category><![CDATA[Consumption and production]]></category>
		<category><![CDATA[Fiscal debt and deficits]]></category>
		<category><![CDATA[NPLs]]></category>
		<category><![CDATA[Consumer demand]]></category>
		<category><![CDATA[credit expansion]]></category>
		<category><![CDATA[Trade war]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=1215</guid>
		<description><![CDATA[Since this is a very long post, it may make sense first to provide a quick summary of what I am going to argue.  As I have discussed often in earlier posts, pessimists are starting to worry about excessive debt levels in China, about which they are very right to worry, and many are predicting [...]]]></description>
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		<slash:comments>103</slash:comments>
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		<title>Would a trade war help solve the problem of excess capacity?</title>
		<link>http://www.mpettis.com/2008/11/16/would-a-trade-war-help-solve-the-problem-of-excess-capacity/</link>
		<comments>http://www.mpettis.com/2008/11/16/would-a-trade-war-help-solve-the-problem-of-excess-capacity/#comments</comments>
		<pubDate>Sun, 16 Nov 2008 10:55:22 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Balance of payments]]></category>
		<category><![CDATA[Great Depression]]></category>
		<category><![CDATA[Keynes]]></category>
		<category><![CDATA[Trade war]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=31</guid>
		<description><![CDATA[On Friday Chinese stock markets capped one of the best weeks in an awfully long time, with the SSE Composite closing at 1986, up 3.1% for the day and 13.7% for the week. Although a lot of local analysts have been saying that the rally is long overdue and represents confirmation that we have bottomed [...]]]></description>
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		<slash:comments>33</slash:comments>
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