Chinese Growth Since 2000 Due to Artificial Interest Rates: Pettis

News of a slowdown in China's economic growth has been building of late, and many disparate theories have been offered in explanation of the phenomenon. One issue facing the country has been debated particularly heatedly. Commentators cannot seem to reach a conclusion on whether the Chinese economy is a victim of over-investment.

The argument for decline by over-investment is elucidated by Michael Pettis, a Professor of Finance at Peking University's Guanghua School of Management, a renowned expert on the Chinese economy, and famous author of The Volatility Machine: Emerging Economics...