Michael Pettis

mpettis.com

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Professor of finance at Guanghua School of Management at Peking University in Beijing. Nonresident senior fellow at the Carnegie Endowment for International Peace.

Overview Posts Content Recommendations

Tweet Mar 16, 2022

1/14 Good piece by @TomFStevenson on one of the reasons why, for all the damage it does to the US economy, Washington is unlikely to want to constrain the global use of the US dollar. www.lrb.co.uk/the-paper/v44/n06/tom-stevenson/first-recourse-for-r

by Michael Pettis

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Book May 19, 2020

Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace

by Matthew C. Klein and Michael Pettis

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Tweet May 19, 2023

1/14 Very good piece by Kate Mackenzie and Tim Sahay on what seems to be an emerging, bipartisan consensus on the need to restructure the US economy towards higher productivity and a better distribution of the benefits of growth. @kmac @70sBachchan

by Michael Pettis

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Tweet May 5, 2023

1/3 Noah Smith discusses the seeming bipartisan return in the US to a consensus on the value of industrial policy, along with its trade corollary, noting that treating trade policy as separate from industrial policy makes little sense. @Noahpinion o

by Michael Pettis

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Tweet Apr 11, 2023

1/6 In March China experienced its second month of monthly deflation (-0.3%) as CPI prices rose 0.7% year on year. Annual CPI inflation peaked at 2.1% in January and has been declining pretty steadily since then. www.reuters.com/world/china/chinas-

by Michael Pettis

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Tweet Mar 23, 2022

1/8 I think this is a pretty important article. It points out that China is embracing supply-side policies even though analysts increasingly recognize that fiscal support would be better targeted at households than at businesses. www.bloomberg.com/ne

by Michael Pettis

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Article Jan 18, 2022

China’s record trade gap a symptom of struggle to rebalance its economy

by Michael Pettis

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Book Dec 1, 2012

The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy

by Michael Pettis

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Book Jan 1, 2001

The Volatility Machine: Emerging Economics and the Threat of Financial Collapse

by Michael Pettis

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Tweet Sep 1, 2022

1/5 This claim is, I think, a little dishonest, or at least pretty circular: "The argument [that companies use funds to buy back stock rather than to invest in their businesses] is based on a decline in tangible investments such as... www.ft.com/con

by Michael Pettis

Michael Pettis

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