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Michael Pettis

Michael Pettis

Finance professor at Peking University and Senior Fellow at Carnegie-Tsinghua Center

Platform
Substack
PricingOnly free issuesPublishesTwice weekly
Issues9SubscribersRead michaelpettis858496.substack.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

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 ...

10 days ago
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2

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...

14 days ago
55
11

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.

18 days ago
22
5

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...

a month ago
67
8

Authors

The writers behind this newsletter.

  • Michael Pettis

    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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