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Michael Pettis

Affiliation: Peking University

Michael Pettis is a professor at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets. He has also taught, from 2002 to 2004, at Tsinghua University’s School of Economics and Management and, from 1992 to 2001, at Columbia University’s Graduate School of Business.

Pettis has worked on Wall Street in trading, capital markets, and corporate finance since 1987, when he joined the Sovereign Debt trading team at Manufacturers Hanover (now JP Morgan). Most recently, from 1996 to 2001, Pettis worked at Bear Stearns, where he was Managing Director-Principal heading the Latin American Capital Markets and the Liability Management groups.

Visit: China Financial Markets




Michael Pettis's Latest Articles | 136

Building Debt

Jan 24, 2012| 

Before starting on the subject of debt I wanted to make a quick reference to something sent to me by Charles Horner, a senior fellow at the Hudson Institute.  I... Read »

Time to Devalue the RMB?

Jan 9, 2012| 

Europe’s underlying problem is not budget deficits or even unsustainable debt.  These are mainly symptoms.  The real problem with Europe is the huge divergence... Read »

China: Exports are Suffering, Growth is Slowing

Dec 17, 2011| 

Two weeks ago on Wednesday night, after the Chinese markets closed, the People’s Bank of China announced that it had cut the minimum reserve requirement by 50... Read »

How Do We Know that China is Overinvesting?

Dec 3, 2011| 

For years I have been arguing that the Achilles heel of the Chinese growth model is the unsustainable rise in debt that comes as a necessary consequence of capital... Read »

Will Greece Unravel by Christmas?

Nov 22, 2011| 

In China economists are watching the spectacle in Europe, China’s largest export market, with rising dread. Might European deterioration affect Chinese growth?... Read »

BRICs to the Rescue

Oct 6, 2011| 

I spent the end of last week in Washington DC during the IMF/World Bank meetings. Needless to say this has been a pretty gloomy trip and most of the people I spoke... Read »

A Harbinger of Things to Come

Sep 26, 2011| 

Slow growth is embedding itself solidly into the US economy and the bond mayhem in Europe continues. The external environment for China is getting worse. This will... Read »

Big in Japan

Sep 12, 2011| 

In the past two years a lot of analysts have been warning that the US and/or Europe are about to turn “Japanese”. By this I guess they mean that very high levels... Read »

Some Predictions for the Rest of the Decade

Aug 28, 2011| 2

Markets have been crazy this month, but rather than try to wade through all the news, much of which doesn’t seem to have much informational content, I thought... Read »

China: Foreign Capital, Go Home!

Aug 17, 2011| 

Is the PBoC going to stop buying USG bonds? Once again we are hearing very worried noises from various sectors about the possibility of a reduction in Chinese purchases... Read »

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