Michael Pettis

Latest from Michael Pettis

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