Economist magazine bets professor over China’s future

By Laurence Knight Business reporter, BBC News

Lines of gambling chips at a Macao casino 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.

Read full article: http://www.bbc.co.uk/news/business-19897695

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