Michael Pettis

Latest from Michael Pettis

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