Michael Pettis explains why China almost certainly has to undergo debt forgiveness, just as pretty much every other heavily indebted nation has, historically: h

Michael Pettis explains why China almost certainly has to undergo debt forgiveness, just as pretty much every other heavily indebted nation has, historically: http://blog.mpettis.com/2016/01/will-chinas-new-supply-side-reforms-help-china/ http://blog.mpettis.com/2016/01/will-chinas-new-supply-side-...