O professor da Beijing Business School apostou. Digo, contra. Já a The Economist apostou a favor. Se fossem apostar comigo quem apostaria em quê eu já teria perdido.
Earlier this year, two economists made a friendly wager.
One of them, the blogger Prof Michael Pettis of the Beijing Business School, had earned kudos as one of the first to predict the sharp slowdown in China’s economy seen over the last year.
The other was the Economist. The magazine, that is.
Their bet – for a bottle of booze – was over whether China’s economy was about to run out of puff.
The country has managed 9.9% growth on average over the past 35 years, but Prof Pettis thinks that the growth rate will fall to a measly (by Chinese standards) 3% this decade.
The more gung-ho Economist by contrast was forecasting that China would stay on course to overtake the US as the world’s biggest economy by 2018.