Michael Pettis
Finance professor at Peking University and Senior Fellow at Carnegie-Tsinghua Center
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 12 | Founded | 2 years ago | Last Issue | 11 days ago |
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michaelpettis858496.substack.comLatest Issues
Is technology or transfers the bigger cause of trade imbalances?
According to a recent article in the Financial Times, The Chinese government believes that China’s manufacturing competitiveness and its trade surplus have to do with the domestic efficiency of its technologically advanced manufacturing sec...
Whose Government Should Intervene?
The Financial Times warns in a June 18 editorial that while Europe and the US are increasingly turning to industrial policy to protect important industries from highly interventionist industrial policies in China, they should nonetheless be...
The reaction against globalization is not just about the uneven distribution of its benefits
In a recent article for the IMF’s F&D Magazine, Gordon Hanson argues that “one of the most firmly held beliefs in economics is that free trade is good for humanity.” He goes on to explain that even though the globalized world has benefitted...
How Do We Explain China’s Higher-Than-Expected GDP Growth and Lower-Than-Expected Components of GDP Growth?
On Thursday, April 16, China’s National Bureau of Statistics (NBS) announced that China’s real GDP growth in the first quarter of 2026 was 5.0%. This was above consensus expectations of around 4.8%, and at the upper end of the 4.5-5.0% GDP...
How are global imbalances transmitted?
Adam Tooze has just posted a very good piece on his Substack account called “Global imbalances - A new cocktail in old bottles”, with, as always, a great description of the current state of the debate on global trade imbalances. In his piec...
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Beijing-based Senior Fellow at the Carnegie Endowment. Former Wall Street trader and banker. Former finance professor at Columbia and Peking universities. All financial contributions will be used to support indie and underground music in Beijing.
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