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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

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 »

China: New Trade and Reserve Numbers

Apr 13, 2009| 

Exports in March dropped a less-than-expected 17.1% from the same time last year – below expectations of 20% and the 21.1% drop for the first two months of 2009.... Read »

China: Is Governor Zhou a Closet Bernanke-ite?

Apr 8, 2009| 

I have recently finished reading Martin Wolf’s latest book, Fixing Global Finance, and I strongly recommend it for its very clear laying out of the global balance... Read »

China: Graduating this Year?

Mar 31, 2009| 

Last week China Daily had an interesting article on job prospects for university graduates on the mainland. In 2006, as a reaction to rising unemployment among... Read »

China: The Dollar Must be Replaced; Yet Again

Mar 24, 2009| 

On music and art Things have been so busy that I haven’t been posting as much as I would like. Besides my increased writing commitments and the constant barrage... Read »

Is China Experiencing Hot Money Outflows?

Mar 17, 2009| 

The market (or at least that part of the market that obsesses over balance of payment flows) has been swept with rumors today that foreign exchange reserves were... Read »

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