By Michael Pettis

The Free Exchange blog at The Economist has accepted my bet, and very cleverly (the bastards!) they have added a second one. For two years I have been arguing that a Chinese rebalancing will require much slower GDP growth rates than we currently think possible and,…

***This is a preview. Please click on the post title or go to http://www.econmatters.com for full content. ****

rtHHgqX0jko