Michael Pettis

Latest from Michael Pettis

Blame game will not make crisis easier to resolve
Declining inflation a worrying sign
Foreign acquisitions may not benefit bank investors
Protectionism and discord bode ill for G20
World must help China make critical adjustment
China must help itself ... for the US' sake
Out-of-control loan growth could be costly
Trade determines reserve currency status
Can China avoid US pre-Depression errors?
Bubbly conditions may be reason to cheer
There's a cost to mainland overinvestment
Mainland markets are poor prognosticators
Curbing overcapacity a painful but vital task
US-China ties warmer, but not for long
Alternative culture promises a revolution
Why countries resort to trade protectionism
Debt forgiveness only way to end Greek crisis
Stockpiling disrupts mainland's natural hedge
Japan's past has lessons for Beijing
Japan's 20-year rebalancing tells us  China's slowdown will be bearable
Difficulties over raising consumption pace
A sharp drop in mainland car sales would reveal the big flaw in its economic strategy
Europe can learn from Argentina's woes
Trade pessimists may well be right
History shows currency devaluation may not be a calamity
Data confirms hopes and fears about economy
Southern Europe's way out of crisis may require ceding sovereignty to Brussels
High cost of rebalancing is a necessary evil
Policies may boost savings more than culture
Foreign exchange reserves cannot be viewed as wealth