[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] #  @michaelxpettis Michael Pettis China's economic growth model is facing significant challenges, including a shift from investment-driven growth to one that is more consumption-based. The country's industrial policies, while successful in certain areas such as its EV industry, have also led to overcapacity and imbalances in the economy. Beijing is attempting to address these issues through strategic investments and stimulus policies, but experts warn that a more substantial overhaul of the growth model is needed. ### Engagements: XXXXXX [#](/creator/twitter::917683048782503937/interactions)  - X Week XXXXXXX -XX% - X Month XXXXXXXXX -XX% - X Months XXXXXXXXXX -XXXX% - X Year XXXXXXXXXX -XX% ### Mentions: XX [#](/creator/twitter::917683048782503937/posts_active)  - X Week XX -XX% - X Month XXX +82% - X Months XXXXX +49% - X Year XXXXX -XX% ### Followers: XXXXXXX [#](/creator/twitter::917683048782503937/followers)  - X Week XXXXXXX +0.23% - X Month XXXXXXX +0.56% - X Months XXXXXXX +3.10% - X Year XXXXXXX +11% ### CreatorRank: XXXXXXX [#](/creator/twitter::917683048782503937/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) #5759 [countries](/list/countries) XXXXX% [travel destinations](/list/travel-destinations) XXXX% **Social topic influence** [china](/topic/china) #982, [status](/topic/status) 3.77%, [the big](/topic/the-big) 1.89%, [the first](/topic/the-first) 1.89%, [shan](/topic/shan) 1.89%, [tariffs](/topic/tariffs) 1.89%, [finance](/topic/finance) 1.89%, [shanghai](/topic/shanghai) 1.89%, [asia](/topic/asia) 1.89%, [debt](/topic/debt) XXXX% **Top accounts mentioned or mentioned by** [@ft](/creator/undefined) [@jackfarley96](/creator/undefined) [@ericfine123](/creator/undefined) [@sagewonk](/creator/undefined) [@dj_tao](/creator/undefined) [@may26221182](/creator/undefined) [@lukegromen](/creator/undefined) [@simonjohnbowden](/creator/undefined) [@warrenplatts](/creator/undefined) [@takis2910](/creator/undefined) [@savanarola5](/creator/undefined) [@electricfelix](/creator/undefined) [@daslittlebodhi](/creator/undefined) [@grok](/creator/undefined) [@qingeneral86](/creator/undefined) [@bhgreeley](/creator/undefined) [@prosyn](/creator/undefined) [@bennsteil](/creator/undefined) [@scmpnews](/creator/undefined) [@brankomilan](/creator/undefined) ### Top Social Posts Top posts by engagements in the last XX hours "According to Yicai the average tax paid by listed Chinese companies was XXX% of revenue in 2024 down from XXXX% in 2015. Interestingly enough X% of the companies paid XX% of the total led by PetroChina Sinopec and the Big Four banks" [X Link](https://x.com/michaelxpettis/status/1990287043499594088) 2025-11-17T05:13Z 182.2K followers, 10.7K engagements "1/14 This very good Robin Harding article points out that the purpose of trade should be the exchange of goods and not the mercantilist accumulation of assets abroad" [X Link](https://x.com/michaelxpettis/status/1993575468789014909) 2025-11-26T07:00Z 182.1K followers, 64K engagements "1/18 Martin Wolf wonders whether the US or China will be the first to abandon its current follies on trade imbalances but I don't think this is the right way to understand the current "fracturing" of globalization. via @ft@ft" [X Link](https://x.com/michaelxpettis/status/1993623915885896041) 2025-11-26T10:12Z 182.1K followers, 32.9K engagements "11/18 American economists insisted that the resulting decline in US manufacturing share was a consequence of rising US manufacturing productivity but they had completely confused declining manufacturing employment with declining manufacturing share" [X Link](https://x.com/michaelxpettis/status/1993623942037426314) 2025-11-26T10:12Z 182.1K followers, 4586 engagements "1/12 Weijian Shan is right: China does need to let the renminbi rise and substantially. An appreciating currency would "subsidize" imports and "tax" exports the opposite of what tariffs are supposed to do. Given that households are net importers" [X Link](https://x.com/michaelxpettis/status/1994353014597922986) 2025-11-28T10:29Z 182.1K followers, 58.6K engagements "Good interview of Ha-Joon Chang on the Indian economy and on developments economics more" [X Link](https://x.com/michaelxpettis/status/1993899985226920433) 2025-11-27T04:29Z 182.2K followers, 254.6K engagements "1/8 Xinhua: "China aims to "achieve a notable increase in household consumption as a share of GDP" and to increase the role of domestic demand as the principal engine of economic growth over the next five years according to the new MIIT plan"" [X Link](https://x.com/michaelxpettis/status/1994270243036827961) 2025-11-28T05:00Z 182.2K followers, 50.8K engagements "11/12 This is a good thing in the longer term and especially good for employment prospects (services tend to be more labor-intensive than manufacturing) but in the short term as Chinese businesses begin to shift production it could lead to layoffs and rising unemployment" [X Link](https://x.com/michaelxpettis/status/1994353037893132728) 2025-11-28T10:29Z 182.2K followers, 8464 engagements "12/12 So while currency appreciation would certainly benefit the economy in the longer term it's likely to be disruptive in the short term. Unfortunately the longer China waits the more dependent the economy becomes on manufacturing and so the more disruptive the adjustment" [X Link](https://x.com/michaelxpettis/status/1994353040195764451) 2025-11-28T10:29Z 182.2K followers, 8324 engagements "1/10 WSJ: "What saves American finance is the dollars status as the must-have global asset and trading currency. Both roles face challenges though and the more the U.S. exploits foreigners the higher the risk they look elsewhere." via @WSJ" [X Link](https://x.com/michaelxpettis/status/1995063920143577428) 2025-11-30T09:34Z 182.2K followers, 28.2K engagements "This is an insightful way of putting it that hadn't occurred to me before. Economists who think in terms of internally consistent models have a very different way of understanding the economy from those who think more systemically in terms of balance sheets. I'd add that perhaps Hyman Minsky's greatest contribution was his insistence that you can only understand how an economy works when you understand the interactions between both sides of an entity's balance sheet and how changes in its balance sheet are aligned or misaligned with changes in the balance sheets of other economic entities" [X Link](https://x.com/michaelxpettis/status/1995067548438602208) 2025-11-30T09:49Z 182.2K followers, 80K engagements "1/2 SCMP: "Shanghai is set to double down on efforts to prevent the hollowing out of its manufacturing sector even as it pursues global financial centre status." It plans to raise the manufacturing share of its GDP from XX% to XX% in the next five years" [X Link](https://x.com/michaelxpettis/status/1995070435210469522) 2025-11-30T10:00Z 182.2K followers, 31.1K engagements "Imbalances are back" [X Link](https://x.com/michaelxpettis/status/1995868806431080765) 2025-12-02T14:52Z 182.2K followers, 32.8K engagements "Enrico Fardella and I have a new piece out on the global trade pressures facing Europe" [X Link](https://x.com/michaelxpettis/status/1996484427434852566) 2025-12-04T07:39Z 182.2K followers, 19.1K engagements "Very interesting discussion of Liu Xiaoshus views on Chinas high and rising debt burden. One point Id make is that the cost of Chinas debt problem is unlikely to come in the form of financial crisis/bank run. As long as Chinese regulators can control the financial system and restructure liabilities at will China wont have that kind of crisis. The real cost of Chinas debt problem is more likely to come in the form of years (decades) of financial distress costs as different sectors of the economy adjust to all the implicit and explicit transfers needed to bridge the large and rising gap between" [X Link](https://x.com/michaelxpettis/status/1996538336895246814) 2025-12-04T11:13Z 182.2K followers, 74.1K engagements "1/6 Emmanuel Macron: "Today we are caught between the US and China and it is a matter of life or death for the European industry. We have become the adjustment market and this is the worst-case scenario." He is absolutely right" [X Link](https://x.com/michaelxpettis/status/1997886472335302702) 2025-12-08T04:30Z 182.2K followers, 34.1K engagements "1/6 Chinas exports in November rose XXX% year on year leading to a $XXXXX monthly trade surplus. A few years ago a monthly trade surplus of over $XXX billion would have seemed almost inconceivable but so far this year it has happened six times" [X Link](https://x.com/michaelxpettis/status/1997910997777190941) 2025-12-08T06:07Z 182.2K followers, 11.6K engagements "1/10 Keith Bradsher: "A growing number of economists and business leaders including former senior officials at Chinas own central bank are calling on Beijing to let the renminbi increase in value against the dollar and other currencies."" [X Link](https://x.com/michaelxpettis/status/1997971361394995391) 2025-12-08T10:07Z 182.2K followers, 12.3K engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@michaelxpettis Michael Pettis
China's economic growth model is facing significant challenges, including a shift from investment-driven growth to one that is more consumption-based. The country's industrial policies, while successful in certain areas such as its EV industry, have also led to overcapacity and imbalances in the economy. Beijing is attempting to address these issues through strategic investments and stimulus policies, but experts warn that a more substantial overhaul of the growth model is needed.
Engagements: XXXXXX #
- X Week XXXXXXX -XX%
- X Month XXXXXXXXX -XX%
- X Months XXXXXXXXXX -XXXX%
- X Year XXXXXXXXXX -XX%
Mentions: XX #
- X Week XX -XX%
- X Month XXX +82%
- X Months XXXXX +49%
- X Year XXXXX -XX%
Followers: XXXXXXX #
- X Week XXXXXXX +0.23%
- X Month XXXXXXX +0.56%
- X Months XXXXXXX +3.10%
- X Year XXXXXXX +11%
CreatorRank: XXXXXXX #
Social Influence
Social category influence finance #5759 countries XXXXX% travel destinations XXXX%
Social topic influence china #982, status 3.77%, the big 1.89%, the first 1.89%, shan 1.89%, tariffs 1.89%, finance 1.89%, shanghai 1.89%, asia 1.89%, debt XXXX%
Top accounts mentioned or mentioned by @ft @jackfarley96 @ericfine123 @sagewonk @dj_tao @may26221182 @lukegromen @simonjohnbowden @warrenplatts @takis2910 @savanarola5 @electricfelix @daslittlebodhi @grok @qingeneral86 @bhgreeley @prosyn @bennsteil @scmpnews @brankomilan
Top Social Posts
Top posts by engagements in the last XX hours
"According to Yicai the average tax paid by listed Chinese companies was XXX% of revenue in 2024 down from XXXX% in 2015. Interestingly enough X% of the companies paid XX% of the total led by PetroChina Sinopec and the Big Four banks"
X Link 2025-11-17T05:13Z 182.2K followers, 10.7K engagements
"1/14 This very good Robin Harding article points out that the purpose of trade should be the exchange of goods and not the mercantilist accumulation of assets abroad"
X Link 2025-11-26T07:00Z 182.1K followers, 64K engagements
"1/18 Martin Wolf wonders whether the US or China will be the first to abandon its current follies on trade imbalances but I don't think this is the right way to understand the current "fracturing" of globalization. via @ft@ft"
X Link 2025-11-26T10:12Z 182.1K followers, 32.9K engagements
"11/18 American economists insisted that the resulting decline in US manufacturing share was a consequence of rising US manufacturing productivity but they had completely confused declining manufacturing employment with declining manufacturing share"
X Link 2025-11-26T10:12Z 182.1K followers, 4586 engagements
"1/12 Weijian Shan is right: China does need to let the renminbi rise and substantially. An appreciating currency would "subsidize" imports and "tax" exports the opposite of what tariffs are supposed to do. Given that households are net importers"
X Link 2025-11-28T10:29Z 182.1K followers, 58.6K engagements
"Good interview of Ha-Joon Chang on the Indian economy and on developments economics more"
X Link 2025-11-27T04:29Z 182.2K followers, 254.6K engagements
"1/8 Xinhua: "China aims to "achieve a notable increase in household consumption as a share of GDP" and to increase the role of domestic demand as the principal engine of economic growth over the next five years according to the new MIIT plan""
X Link 2025-11-28T05:00Z 182.2K followers, 50.8K engagements
"11/12 This is a good thing in the longer term and especially good for employment prospects (services tend to be more labor-intensive than manufacturing) but in the short term as Chinese businesses begin to shift production it could lead to layoffs and rising unemployment"
X Link 2025-11-28T10:29Z 182.2K followers, 8464 engagements
"12/12 So while currency appreciation would certainly benefit the economy in the longer term it's likely to be disruptive in the short term. Unfortunately the longer China waits the more dependent the economy becomes on manufacturing and so the more disruptive the adjustment"
X Link 2025-11-28T10:29Z 182.2K followers, 8324 engagements
"1/10 WSJ: "What saves American finance is the dollars status as the must-have global asset and trading currency. Both roles face challenges though and the more the U.S. exploits foreigners the higher the risk they look elsewhere." via @WSJ"
X Link 2025-11-30T09:34Z 182.2K followers, 28.2K engagements
"This is an insightful way of putting it that hadn't occurred to me before. Economists who think in terms of internally consistent models have a very different way of understanding the economy from those who think more systemically in terms of balance sheets. I'd add that perhaps Hyman Minsky's greatest contribution was his insistence that you can only understand how an economy works when you understand the interactions between both sides of an entity's balance sheet and how changes in its balance sheet are aligned or misaligned with changes in the balance sheets of other economic entities"
X Link 2025-11-30T09:49Z 182.2K followers, 80K engagements
"1/2 SCMP: "Shanghai is set to double down on efforts to prevent the hollowing out of its manufacturing sector even as it pursues global financial centre status." It plans to raise the manufacturing share of its GDP from XX% to XX% in the next five years"
X Link 2025-11-30T10:00Z 182.2K followers, 31.1K engagements
"Imbalances are back"
X Link 2025-12-02T14:52Z 182.2K followers, 32.8K engagements
"Enrico Fardella and I have a new piece out on the global trade pressures facing Europe"
X Link 2025-12-04T07:39Z 182.2K followers, 19.1K engagements
"Very interesting discussion of Liu Xiaoshus views on Chinas high and rising debt burden. One point Id make is that the cost of Chinas debt problem is unlikely to come in the form of financial crisis/bank run. As long as Chinese regulators can control the financial system and restructure liabilities at will China wont have that kind of crisis. The real cost of Chinas debt problem is more likely to come in the form of years (decades) of financial distress costs as different sectors of the economy adjust to all the implicit and explicit transfers needed to bridge the large and rising gap between"
X Link 2025-12-04T11:13Z 182.2K followers, 74.1K engagements
"1/6 Emmanuel Macron: "Today we are caught between the US and China and it is a matter of life or death for the European industry. We have become the adjustment market and this is the worst-case scenario." He is absolutely right"
X Link 2025-12-08T04:30Z 182.2K followers, 34.1K engagements
"1/6 Chinas exports in November rose XXX% year on year leading to a $XXXXX monthly trade surplus. A few years ago a monthly trade surplus of over $XXX billion would have seemed almost inconceivable but so far this year it has happened six times"
X Link 2025-12-08T06:07Z 182.2K followers, 11.6K engagements
"1/10 Keith Bradsher: "A growing number of economists and business leaders including former senior officials at Chinas own central bank are calling on Beijing to let the renminbi increase in value against the dollar and other currencies.""
X Link 2025-12-08T10:07Z 182.2K followers, 12.3K engagements