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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 | 141

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 »

The Coming of a US Savings Culture?

May 21, 2009| 

Last week I spent in Brazil, where I was honored to meet someone I admire very much, former Brazilian President FH Cardoso, along with a large group of Brazilian... Read »

China: Exports Versus Domestic Demand; The Argument Rages

May 8, 2009| 

Today’s Financial Times and last week’s Economic Observer had articles that display the kinds of confusion that economic crises can create among policymakers.... Read »

Distortions in the Chinese Lending Environment

May 3, 2009| 

Things have been so busy this past week with various writing commitments and with the celebration of the third anniversary of my music club (four amazing shows with... Read »

China: The Death of the Asian Development Model

Apr 25, 2009| 

One of the few areas in which the Chinese fiscal stimulus package is unquestionably having a positive effect is on growth forecasts – although mainly because forecasts... Read »

This is Getting Tiresome, So Please Let’s Declare the Crisis Over

Apr 20, 2009| 

I guess there is nothing like a summit meeting in the sunshine island of Hainan to bring out our optimism, but the speakers at the Boao Forum over the weekend seem... Read »

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