Markets

China will grow by breaking elite

Name: China will grow by breaking elite
Uploaded: 2014-07-10T11:32:00.483Z
Duration: 3 min 54 s
Channel: Financial Times
Description: Michael Pettis: China must transfer wealth from state to households

China will only grow by breaking its political elite and transferring wealth from the state to households, says Michael Pettis, professor of finance at Peking University. He talks to FT Alphaville’s David Keohane at Camp Alphaville in London.

July 10, 2014

Filmed by Ross Barbour-Andrews. Produced by Josh de la Mare.