Michael Pettis
Senior Fellow, Carnegie Endowment. For speaking engagements, please contact me at chinfinpettis@yahoo.com
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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. Thatβs 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...
1/5 Claims by the Dutch foreign trade minister that she will will fight "for open trade and to prevent protectionism" strike me as a tad dishonest. Few countries exploit the global...
1/4 "The Deutsche bond is the first issued under new rules for renminbi debt issuance by foreign entities announced late last year by SAFE, which permit proceeds raised domesticall...
1/4 About China's "wildly unbalanced" economy Krugman says: "For reasons I donβt 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...
1/5 It seems to me that there has been too much over-excited talk about a "demographic crisis" in China. Certainly there are demographic pressures on China that will make its econo...
1/7 βIn 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 China's retail sales were down year on year by 1.8% in December, much better than expected, although there are already rumblings of discontent. After all, December was the mont...
1/7 The December and Q4 data for the Chinese economy were pretty poor, but perhaps not as bad as some expected. Q4 growth was flat quarter on quarter and up 2.9% year on year, whic...
61/3 We will continue to see many stories like this: "Chinese authorities have opened an investigation into New China Life for its investments in the real estate sector, one of whi...
1/4 In an effort to revive the Shanghai economy, its mayor says βWe are studying a series of policies to address the problems that local small firms now face, including difficultie...