Michael Pettis

Latest from Michael Pettis

Foreign acquisitions may not benefit bank investors
Declining inflation a worrying sign
Foreign exchange reserves cannot be viewed as wealth
China must help itself ... for the US' sake
World must help China make critical adjustment
Death by fire or ice is death nevertheless
Can China avoid US pre-Depression errors?
Trade determines reserve currency status
Financial capitals unlikely to lose their clout
Mainland markets are poor prognosticators
There's a cost to mainland overinvestment
Beggar-thy-neighbour policy rears ugly head
Alternative culture promises a revolution
US-China ties warmer, but not for long
US needs to display  leadership, not panic
Stockpiling disrupts mainland's natural hedge
Debt forgiveness only way to end Greek crisis
Dollar's retreat as  reserve currency  just so much talk
Difficulties over raising consumption pace
Japan's 20-year rebalancing tells us  China's slowdown will be bearable
Policy co-ordination can head off trade rows
Trade pessimists may well be right
Europe can learn from Argentina's woes
Can't we all just depreciate our monies together?
Southern Europe's way out of crisis may require ceding sovereignty to Brussels
Data confirms hopes and fears about economy
Look to Japanese experience for a costly lesson in rebalancing
Households pay for low inflation and cheap yuan
Policies may boost savings more than culture
Why China gains from yuan revaluation