Brian Easton: Chinese Property Market And New Zealand’s Future

Evergrande and Country Garden – two giant Chinese property development companies – are a portent of the turbulence before us.

The recent financial failures of two ginormous Chinese property companies, Evergrande and Country Garden, at various times ranked the second largest and sixth largest in China have implications for the New Zealand economy.

Point of Order: Five paths for China – none of them look good

The what-will-happen-to-China’s-economy debate seems a bit stale these days.

So thanks are due to Michael Pettis, a professor of finance at Peking University’s Guanghua School of Management, for coming up with one of the more plausible models of the Chinese economy.

His insight is in his analysis of the relationship between the private and state sectors. And it seems a little more convincing than the far-seeing technocratic genius stuff so attractive to international bureaucrats and journalists.