Michael Pettis
Finance professor at Peking University and Senior Fellow at Carnegie-Tsinghua Center
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 9 | Founded | 2 years ago | Last Issue | 2 months ago |
| Active | |||||
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michaelpettis858496.substack.comLatest Issues
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...
The Maekawa Commission Report
The Maekawa Commission Report was a major policy document released in 1986 by a Japanese government advisory group led by Haruo Maekawa, then governor of the Bank of Japan.
It was one of the most important attempts to address Japan’s growi...
The Wall Street Journal on Chinese credit growth
Joseph Sternberg has a good article in the Wall Street Journal on the deceleration in China’s credit growth in recent years. He notes that Beijing is finding it increasingly hard to deploy the tools it needs to generate the level of economi...
My Disagreement with The Economist
The Economist recently argued that China should set a higher GDP growth target because the current target (4.5-5.0%) is too low and will make the economy’s current problems, including surging debt, worse. “The proof,” it says, “lies in Chin...
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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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