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China Must Resolve Overinvestment Problem, Pettis Says

Sept. 27 (Bloomberg) -- Michael Pettis, chief strategist at Guosen Securities Co. Ltd., talks about the outlook for China's economy and leadership change. Chinese industrial companies’ profits dropped for a fifth month in August, adding to signs the nation’s economic slowdown is extending into a seventh quarter. Pettis also discusses Europe's sovereign debt crisis with Rishaad Salamat on Bloomberg Television's "Asia Edge." (Source: Bloomberg)

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