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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 | 99

The Difficult Arithmetic of Chinese Consumption

Dec 5, 2009| 

How fast does consumption need to grow in China in order for a meaningful rebalancing to take place? Probably a lot more than you think. This is arithmetically... Read »

We All Love Free Trade, Don’t We?

Nov 18, 2009| 1

I finally got back to Beijing Friday, and have spent the past five days getting over jet lag and struggling to climb up the seemingly bottomless pit of unanswered... Read »

What Rebalancing of Chinese and American Consumption?

Nov 2, 2009| 

Later today I am leaving to New York and DC for a week, so this may be my last post for several days since my schedule will be pretty hectic. Of course most of... Read »

China: Banking Concerns and University Rankings

Oct 30, 2009| 1

There were two interesting and related articles Wednesday, both suggesting that the CBRC continues to be worried about the lending boom and is making what attempt... Read »

China’s High-Speed Rail Network and Speculating Pig Farmers

Oct 26, 2009| 

This weeks’ entry is fairly miscellaneous, a consequence both of the amount and variety of news coming out of China and my own hectic schedule, which prevents... Read »

China’s Overcapacity Problem

Oct 16, 2009| 

The release of September trade data earlier this week was pretty interesting, although because of two or three extra working days last month, plus the very big holiday... Read »

U.S. Dollar Depreciation is Probably a Necessary Process

Oct 10, 2009| 

The US trade deficit unexpectedly narrowed in August, according to the Commerce Department in a report released on Thursday. Exports were up slightly and imports... Read »

The IMF Increasingly Agreeing with the Global Imbalances Analysis of the Economy

Oct 4, 2009| 1

As Beijing slowly unlocks from its 60th anniversary celebrations – the streets are still relatively empty but more and more people are going out, although my local... Read »

China: The Risk of Rising Trade Tensions Have Not Abated at All

Sep 25, 2009| 

While the G20 leaders make reassuring noises about international trade, I think the risk of rising trade tensions have not abated at all. As I see it, everything... Read »

How Does this Clash Over Global Savings Get Resolved?

Sep 21, 2009| 

Perhaps it has been because I have been so busy in meetings and school in the past week but it seems to me that not a whole lot has happened to give us much more... Read »

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