Michael Pettis says China’s old growth drivers are fading, while new ones have yet to take hold. The warning comes as July property sales fell sharply year over

BWB News TV • 2026-08-07 05:57 UTC • By Billy Odell Tucker-Robinson

Michael Pettis says China’s old growth drivers are fading, while new ones have yet to take hold. The warning comes as July property sales fell sharply year over year and debt-to-GDP dipped to 308.2%, its first decline in 4.5 years.

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