Michael Pettis
Michael PettisFinance professor at Peking University and Senior Fellow at Carnegie-Tsinghua Center
| Platform |  | Pricing | Only free issues | Publishes | Twice weekly |
|---|---|---|---|---|---|
| Issues | 6 | Subscribers | Read | michaelpettis858496.substack.com |
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Latest Issues
Recent posts by this newsletter. Browse the email archive.
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...
How Excess Saving in China Can Becomes Credit Creation Elsewhere
A recent Bloomberg article illustrates a feature of the modern global economy that in recent years I have discussed often (for example here, here, and here). In a hyperglobalized world – one characterized by very low transportation, communi...
China’s Rebalancing Requires Much Lower GDP Growth Targets
According to a recent article in the South China Morning Post, “Beijing’s forceful campaign to instill a ‘correct’ understanding of tenure performance among party cadres may signal Chinese leaders’ determination to downplay headline growth ...
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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