Michael Pettis
Senior Fellow, Carnegie Endowment. For speaking engagements, please contact me at chinfinpettis@yahoo.com
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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...
1/6 Janan Ganesh says that what he sees as a resurgence of protectionism initiated by deficit countries is an ideological concession from the west that international relations are...
1/2 The irony, as Fed chairman Marriner Eccles pointed out in the 1930s, is that policies that reverse the recent growth in income inequality can actually enhance the wealth of man...
1/9 There's no question that the property sector must play a "diminished role" in Chinaโs growth. A 3-decade property bubble has left China with a vastly oversized property sector...
1/3 Good article. Among other things it cites Liu He as saying: "If not handled properly, risks in the housing sector are likely to cause systemic risks. Thatโs why we intervened p...
1/15 Since the 1960s few arguments in international finance have been as exciting as "the coming demise of the dollar", but these arguments seem always to founder on the same set o...
1/4 About China's "wildly unbalanced" economy Krugman says: "For reasons I donโt fully understand, policymakers have been reluctant to allow the full benefits of past economic grow...
1/5 SME owners complain that they are being squeezed by rising wages, and social security and health insurance costs. The irony is that their biggest problem is weak consumer deman...
1/7 โIn the long run, we are going to see a China the world has never seen. It will no longer be the young, vibrant, growing population. We will start to appreciate China, in terms...
1/6 Good article by @greg_ip on the gradual sidelining of the WTO as the arbiter of trade. The heart of the problem seems to be the WTOโs inability to discipline a very wide range...
1/9 Economic powerhouses like Guangdong and Zhejiang are setting relatively "moderate" growth targets for 2023, "vowing to restore exports, consolidate their footholds in hi-tech a...
1/6 Beijing is making it harder for certain types of businesses to list because it wants to prevent businesses that are less strategically important from absorbing capital that mig...