My current favourite blogger is Michael Pettis, professor at Peking University's Guanghua School of Management, who, in his latest post, makes a very worrying point below. As an aside, and without wanting to take the 1930s analogy too far, this debate...
Filed under: US, China, Polyolefins, Business, export dependency, oversupply, Great Depression, deflation, China's economy, overproduction, exporting deflation