Michael Pettis: Germany's export-driven growth model shaped by trade competitiveness

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Michael Pettis: Germany's export-driven growth model shaped by trade competitiveness — Germany growth driven by exports

Michael Pettis, economist, professor of finance at Peking University and nonresident senior fellow at Carnegie Endowment for International Peace, reflects on Germany's economic trajectory.

He responds to a Wall Street Journal statement praising Germany's open economy and its period of nearly 20 years of sustained growth due to globalization. Pettis suggests that Germany's trade competitiveness has played a long-standing and significant role in the country's economic success.

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Pettis has frequently commented on global economic trends. He recently highlighted concerns among policy advisors regarding China’s need to rebalance its economy in a past article. In another report, he noted that over 10 percent of Chinese adults were behind on debt payments by the end of 2025, according to his analysis.

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