Michael Pettis
Michael Pettis's Latest Articles | 99
How will an RMB Revaluation Affect China, the US, and the World?
The Chinese new year has only just started, and already trade tensions are ratcheting up. This is perhaps appropriate — astrologers tell us that the year of the... Read »
What Japan’s Rebalancing Can Teach Us
After such a long entry last week I thought I would spare my readers and do something much briefer. A few days ago I read a good article (“Stuck on Neutral”)... Read »
Beijing is not Washington’s Banker
It is a real toss-up as to which generates more bizarre comment in the international press: Beijing’s long-feared dumping of US Treasuries, or the use and value... Read »
Rising Wages in China Are A Good Thing
I got back three days ago from my trip to the US and am still sludging through my jet-lag, but there are two quick takeaways from the trip I should mention. First,... Read »
The Myth of China’s Blithe Consensus
This will be an unusual entry in that rather than focus on economic analysis I want to address one of the too-widely-repeated myths common outside China which, I... Read »
China: Good or Bad Numbers?
I can only submit a very short entry this time to discuss the raft of numbers that came out this morning. Regular readers will suspect that once again I am going... Read »
The Fighting Over the Currency Issue is Likely to Get Worse
I will be in NY and Boston during the first week of February and plan to meet a number of investors there to discuss China. I believe it becomes official on February... Read »
China New Year, and One More Vote for GDP-Adjusted Bonds
I just got back to Beijing three days ago and am still seriously jet-lagged, but I wanted to post a piece today anyway. Last night I celebrated the new year at... Read »
China: The Pace of Change
Since it is the Christmas holiday, and I am spending the week in southern Spain with my family, I have not been focusing too heavily on economic data and have instead... Read »
China: Is there a Real Estate Bubble?
The Christmas season, upcoming exams, student job hunting, and lots of visitors have made this a tough time to keep track of things but, before I go on to discuss... Read »






