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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

Who Will Clean Up the Banking Mess?

Jul 5, 2010| 

Just three days after returning to Beijing from New York, I had to leave again, this time to a series of conferences in Torino, Italy, so it is hard to do much... Read »

China: Where is the Inflation?

Jun 15, 2010| 2

I apologize for waiting two weeks since my last post, but my schedule has been crazier than usual what with the SED meeting and a number of conferences and visitors... Read »

Are You Ready for the United States of Germany? ‎

May 7, 2010| 

“How can I, that girl standing there, my attention fix,” asked William Butler Yeats plaintively in the midst of the political upheavals of the early 1930s, “on... Read »

The RMB and the Magic of Accounting Identities

Apr 29, 2010| 

One nice things about writing a blog is that I don’t need to be topical. Not only can I write worriedly about rising contingent debt levels three or four years... Read »

Chinese Savings and the Wealth Effect

Apr 20, 2010| 

I was at a conference in Sao Paolo, where I was lucky enough to share the stage with a number of luminaries, including Pedro Malan. Needless to say the subject... Read »

Who Will Pay for China’s Bad Loans?

Apr 7, 2010| 

Since this is a very long post, it may make sense first to provide a quick summary of what I am going to argue. As I have discussed often in earlier posts, pessimists... Read »

China: Be Careful of Bilateral Trade Numbers

Mar 27, 2010| 1

A report just came out from the US-China Business Council that seems to be getting a lot of play in the press. Among other things the report repeats a widely accepted... Read »

How will an RMB Revaluation Affect China, the US, and the World?

Mar 17, 2010| 

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

Mar 3, 2010| 

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

Feb 22, 2010| 1

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 »

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