Chinese manufacturers are increasingly reluctant to sell in the domestic market because it is impossible to make money there due to deflationary pressures and excess supply; they prefer to export, and when they export, they often cannot make money either but are forced to continue producing to keep workers employed and avoid political problems.
factualpending
Speaker
Michael PettisEvidence Quote
“Nobody wants to sell in China. You simply cannot make money. Everybody wants to export.”
Source
Michael Pettis: China’s Consumption Crisis Is The World’s Crisis— The Monetary Matters NetworkCreated: 8/11/2026, 7:43:21 AM
My Notes
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