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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 Two-Step Crisis

Sep 14, 2009| 

A lot of people, via emails, letters and phone calls, have been asking me how I can be so pessimist about consumption growth in China given the spectacular consumption... Read »

China’s Economic Data: Who is Right, the Optimists or the Pessimists?

Sep 11, 2009| 

Today the National Bureau of Statistics has released a whole lot of data. A European TV station asked me to comment on the import of the data, and while I hate... Read »

China’s Stock Market Calls the Tune

Sep 3, 2009| 

The Shanghai and Shenzhen stock markets are still hogging the spotlight. Although down 18.0% from its recent peak exactly one month ago, the past three days have... Read »

China: Why Did the Market Collapse?

Aug 31, 2009| 

According to a recent article on Reuters, on Saturday Lou Jiwei, the chairman of the CIC, China’s sovereign wealth fund, said at a conference on Saturday in response... Read »

China’s Five Most Trustworthy Groups Include Priests and Prostitutes

Aug 26, 2009| 

Three weeks ago China Daily published a pretty funny article about a recent survey on credibility that had taken place in China. According to the article: At a time... Read »

Asian Savings Glut Hypothesis, and Why it Matters

Aug 20, 2009| 

The Shanghai stock market was up 4.5% in very nervous trading today but down 16.3% since its recent peak at 3478 on August 4, and still trading at more than 30 times... Read »

The U.S. Government Doesn’t Need Foreigners to Finance the Fiscal Deficit? Who Knew?

Aug 17, 2009| 

I usually don’t post a new entry so soon after the last post, but there was an interesting article in today’s Wall Street Journal by Andrew Batson. China is... Read »

The Evidence on Chinese Consumption Growth is Still Far More Bearish than Bullish

Aug 15, 2009| 

My ten-day trip – partly holiday on Phuket and Phi Phi islands (even more beautiful than I had expected) and mostly meetings in Bangkok, Hong Kong and Singapore... Read »

US-China Policy Coordination Matters

Aug 10, 2009| 

In my last entry I tried to set out the necessary shifts over the next few years as the world, and especially China and the US, works out its imbalances. These... Read »

Will China’s Trade Surplus Soar?

Aug 7, 2009| 

By coincidence I had two OpEd pieces that came out last week, one in the WSJ and the other in the Financial Times. The latter came about because about a month ago... Read »

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