Michael Pettis
Senior Fellow, Carnegie Endowment. For speaking engagements, please contact me at chinfinpettis@yahoo.com
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1/6 Nicholas Borst has just published a useful paper on Chinese debt with lots of good data. Among other things he says that Chinese debt is 75 percent greater than the outstanding...
1/12 I've just read this very interesting blog post on a paper on USD primacy that Michael Kao presented at the West Point Symposium earlier this month. My differences with it ill...
1/10 Citibank apparently has an interesting research piece on the similarities between Chinaβs economy today and Japan's of the late 1980s and early 1990s: "Back in 2003," the FT n...
1/19 Is building strategic redundancy in the name of competitiveness β instead of funding new innovation β worth the price? This very interesting article, which uses TSMCβs Arizona...
1/7 This cam as a surprise to me. Beijing and local governments plan to hire a record number of new bureaucrats this year "as the country seeks to bolster employment to help drive...
1/7 @yanisvaroufakis makes some very important points here. China's success in manufacturing has been heavily dependent on the willingness of the US to absorb the consequences (thr...
1/8 Good article. The Chinese economy is likely to experience a decent bounce-back this year, driven largely by a partial recovery of last year's dismal consumption performance. h...
1/4 It's probably not surprising that a deputy director of the China Family Planning Association would argue that China's declining population is a major economic problem for the c...
1/8 Stefan, I don't think it makes sense to support or reject an economic model, including "trickle down" theory, on ideological grounds as either always right or always wrong. It...
1/7 Is this good news on the rebalancing front? Beijing "is redoubling efforts to help rural people moving to cities tap into welfare services as it presses on with a poverty allev...
1/8 I'm a big fan of Minxin Pei's work, but I disagree with him when he argues that to regain growth, China must privatize state-owned enterprises, create a more business-friendly...
1/8 The Global Development Policy Center has an important new paper out on China's development finance called "Small is Beautiful". The most notable aspect is the sharp fall in dev...