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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

A Real Estate Trip in China

Jul 20, 2009| 

I have wanted to discuss more on the real estate sector for a while even though I have to confess I am far from being an expert on the topic, and this in a market... Read »

Was China’s High GDP Growth a Big Surprise?

Jul 16, 2009| 1

My blog has been blocked in China. Given all the internet blocking that has happened in the past few months I guess this is not much of a surprise, and I was sort... Read »

China’s Huge Explosion in New Lending; Can We Turn this Thing Off?

Jul 8, 2009| 

I don’t have time to do a long entry today, but in my June 30 entry I marveled at the huge explosion in new lending, and claimed that credible rumors suggested... Read »

China’s Growth May Slow Over the Long Term

Jun 30, 2009| 

“China’s overall surge in credit in the first half of 2009,” an article in yesterday’s People’s Daily assures us, “is normal and healthy; however problems... Read »

Is China’s Renminbi More Undervalued Today than Last Year?

Jun 24, 2009| 

William Cline and John Williamson published on Vox an interesting piece earlier this month June 18), titled “Equilibrium Exchange Rates,” in which they try to... Read »

China: Savings Problem and the Consumption Constraint

Jun 20, 2009| 

I am, still trying to work out the implications for China of a rise in US household savings, but here is how I see it. I welcome comments that may help me refine... Read »

China: Debt is Up, Trade is Down

Jun 15, 2009| 1

I am still working on my piece on the global savings adjustment and will probably post it in the next week or so. The main point is to discuss what the implications... Read »

China: Stimulus – At What Cost?

Jun 8, 2009| 

Today is the second day of the dreaded gaokao, the national college entrance exam that more than half of all Chinese kids in their age cohort will sit to determine... Read »

Balance of Trade: It’s Not Just the Currency

Jun 3, 2009| 

One of the reasons why trade-related discussions can seem so off-the-mark, I think, is because the conditions governing international trade are much more complex... Read »

Why Do Chinese Save So Much?

May 29, 2009| 

My apologies, but once again I have been too busy travelling to post as often as I would like. I am currently in Malaga, in southern Spain, in my family’s home,... Read »

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