Over My Shoulder

Michael Pettis: AIIB Is Only a Symbolic Victory for China

By John Mauldin

April 12, 2015

Michael Pettis, who will be speaking at my conference next week (if you are there and an OMS subscriber, let me know!), tells us why the new Chinese AAIB is not that big a deal despite the hype. And why the renminbi will not be the new world reserve currency. Very good article.

Download - 150412_Pettis.pdf

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