Michael Pettis
Finance professor at Peking University and Senior Fellow at Carnegie-Tsinghua Center
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 16 | Founded | 2 years ago | Last Issue | 13 days ago |
| Active | |||||
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michaelpettis858496.substack.comLatest Issues
Technological Leadership and Déjà Vu
In the current issue of the New Yorker, Evan Osnos writes about a near future dominated by China and Chinese technology. The article is titled “The Future, Made in China: Beijing is competing with the U.S. for tech supremacy. Who wins will...
Domestic continuities between China Shock 1.0 and China Shock 2.0
Adam Tooze has just published a good piece on the differences between China Shock 1.0 and China Shock 2.0. Among other things, he argues that “China shock 2.0 isn’t simply a globalization shock triggering a social backlash à la Polanyi. Thi...
Currency Revaluation Is Income Rebalancing
Gita Gopinath, Pierre-Olivier Gourinchas, and Hélène Rey recently argued in The Economist that an undervalued Chinese yuan is not the fundamental cause of China’s large trade surplus or of global imbalances. And because it isn’t, they concl...
McKinsey confuses efficiency and competitiveness
There is, as always, a lot of good material and many interesting ideas in a new report by the McKinsey Global Institute called “Catalyzing competitiveness: Where investment happens and why”. The report calls for more investment by advanced...
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...
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Authors
The writers behind this newsletter.
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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