Michael Pettis

Latest from Michael Pettis

Declining inflation a worrying sign
Blame game will not make crisis easier to resolve
Foreign exchange reserves cannot be viewed as wealth
World must help China make critical adjustment
Protectionism and discord bode ill for G20
Death by fire or ice is death nevertheless
Trade determines reserve currency status
Out-of-control loan growth could be costly
Financial capitals unlikely to lose their clout
There's a cost to mainland overinvestment
Bubbly conditions may be reason to cheer
Beggar-thy-neighbour policy rears ugly head
US-China ties warmer, but not for long
Curbing overcapacity a painful but vital task
US needs to display  leadership, not panic
Debt forgiveness only way to end Greek crisis
Why countries resort to trade protectionism
Dollar's retreat as  reserve currency  just so much talk
Japan's 20-year rebalancing tells us  China's slowdown will be bearable
Japan's past has lessons for Beijing
Policy co-ordination can head off trade rows
Europe can learn from Argentina's woes
A sharp drop in mainland car sales would reveal the big flaw in its economic strategy
Can't we all just depreciate our monies together?
Data confirms hopes and fears about economy
History shows currency devaluation may not be a calamity
Look to Japanese experience for a costly lesson in rebalancing
Policies may boost savings more than culture
High cost of rebalancing is a necessary evil
Foreign acquisitions may not benefit bank investors