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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

Zaiteku and China’s January inflation

Feb 24, 2011| 

A large part of my newsletter earlier this week discussed emergent scandals in the railway industry and their implications for the overinvestment debate, and this... Read »

Chinese Stock Markets and European Politics

Feb 11, 2011| 

Because of the lunar New Year festivities when I wrote my newsletter little had happened in China besides the 25 bp interest rate hike on Tuesday, not counting... Read »

China: Currency Manipulation

Feb 5, 2011| 2

On Friday the US Treasury released its presumably semi-annual (it was due last October) report to Congress on currency issues, and in it refrained from calling any... Read »

Chinese Growth in 2011

Dec 19, 2010| 

For the past two months there have been very strong rumors in the markets that next year’s new lending quota was going to be set somewhere between RMB 6.5 trillion... Read »

Its Politics, Not Economics

Dec 1, 2010| 

If Europe is going to “resolve” the current crisis in an orderly way, it is going to have to move very quickly – not just for the obvious financial reasons,... Read »

Chinese Inflation and European Defaults

Nov 25, 2010| 

Part 1. Will Europe face defaults? Its official – Spain and Portugal will need to be bailed out soon. How do I know? In one of my favorite TV shows, Yes Minister,... Read »

The Politics of Chinese Adjustment

Oct 5, 2010| 

I am often asked, especially by my Peking University students, to list what I think is the sequence of steps China will take to address its economic imbalances.... Read »

China: You Ain’t Seen Nothing Yet?

Sep 26, 2010| 1

On Wednesday I will be putting up my piece on the politics of China’s adjustment process, but before doing that I wanted to mention a few recent particles worthy... Read »

China: What do the “Good” Trade Numbers Tell Us?

Sep 13, 2010| 3

I apologize for taking so long to write but for the past rwo weeks (and the next five days) I have been traveling for conferences and meetings. I spent last week... Read »

China: The Cocaine of Cheap Money

Jul 28, 2010| 

A lot of people have asked me to write about the recently “leaked” CBRC report on dodgy local government debt. Here is what the article in Monday’s Bloomberg... Read »

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