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Michael Pettis: China’s Dramatic Curtailment in Overseas Lending Shows That Beijing is Learning the Same Lesson Today That Other Creditors Learned Years Ago

Acclaimed China economist, Peking University professor, and Carnegie Senior Fellow Michael Pettis posted a 7-part Twitter thread on Tuesday where he reflected on the new data published by the China-Africa Research Initiative at Johns Hopkins University that shows a dramatic cutback in Chinese overseas lending to African governments.

The following is a full, unedited transcript of his posts on Twitter:

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