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Author : Michael Pettis
About Michael Pettis PRO INVESTOR
Senior Associate at the Carnegie Endowment for International Peace and a finance professor at Peking University’s Guanghua School of Management.
Stories by the author
China Will Struggle To Wean Its Addiction To Investment-Led Growth: Michael Pettis
According to an IMF study released late last year, there is now strong evidence that China has been over-investing significantly over the last decade – leading to sustained economic...
Has the Chinese Economy Bottomed Out?: Michael Pettis
The big news in the last few weeks has been the relatively positive economic data suggesting that Beijing could be in for a rebound. However, the “relief” data tell...
Is the RMB Displacing the USD in Asia?: Michael Pettis
What are the odds of the renminbi displacing the dollar, and does China want the yuan to become an international reserve currency? Besides the fact that being a major...
The Problem with ‘Static’ Development Models: by Michael Pettis
With a shift in economic strategy comes a radical change in the relationship between underlying growth variables and their impacts on growth. Instead of making predictions and estimations extrapolated...
Will a Weaker RMB Necessarily Aid the Chinese Economy?: Michael Pettis
As part of China’s adjustment process, it is a virtual certainty that domestic growth will slow significantly for many years. However, many analysts argue that by boosting China’s export...
Is There Any Credibility Left In China’s Bull Case?: Michael Pettis
In order to argue that we will not see a sharp slowdown in Chinese growth, it is not enough to claim that some expert or institution has predicted that...
Could a Commodity Market Crash be Imminent?: Michael Pettis
Commodity prices swelled in the last decade – mostly on the back of insatiable demand from China. Yet, if you exclude China, global demand for commodities like steel, for...
China’s Unruly Debt Woes: Michael Pettis
What is the biggest fear hanging over China? Slowing external demand? Could it be the imbalances in its domestic economy? Or the country’s real estate bubble? While these threats...
Fixing China’s Economic Imbalances: Michael Pettis
Recent economic data has shown that China is slowing down. The question is: Should we attempt to revive growth in the world’s second largest economy? Perhaps not. As it...
China Sceptics on the Rise: Michael Pettis
In the seven years since Beijing promised with increasing urgency to rebalance its economy, China has unfortunately managed to rebalance externally without rebalancing internally. China’s growth has been propelled...