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Michael Pettis: China among most capital-rich economies after adjusting for productivity

Michael Pettis: China among most capital-rich economies after adjusting for productivity
China capital-rich after productivity adjustment

Michael Pettis, economist, professor of finance at Peking University and macroeconomic analyst, addresses questions about China's status as one of the world's most capital-rich economies when adjusted for productivity levels.

Pettis acknowledges that investment per capita in China is lower than in wealthier economies but suggests this does not contradict China's overall capital intensity relative to its productivity.

Pettis previously observed a year-on-year drop in cumulative property sales in China for July. He also noted that China's 10-year bond yield reached its lowest level in over a year as investors reacted to slow economic growth. These developments provide context for ongoing debates about the country's capital allocation and productivity.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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