Articles Written by:    MICHAEL PETTIS     

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What Rebalancing of Chinese and American Consumption?

I am leaving to New York and DC for a week, so this may be my last post for several days since my schedule will be pretty hectic. Of course most of my trip will involve meetings with bankers, investors and some government officials, but the timing of ...

From MICHAEL PETTIS, Seeking Alpha,  3 Nov 2009
Related Topics: China Construction Bank,  International Monetary Fund,  Tom Holland,  European Union,  National Bureau of Economic Research

Chinese Railways and Speculating Pig Farmers

This weeks’ entry is fairly miscellaneous, a consequence both of the amount and variety of news coming out of China and my own hectic schedule, which prevents me from dealing with all of these issues in a more unified way. Between lots of investor ...

From MICHAEL PETTIS, Seeking Alpha,  26 Oct 2009
Related Topics: Fareed Zakaria,  Liu Mingkang,  International Monetary Fund,  Newsweek,  Warburg Pincus

The Shanghai Market Calls the Tune

The Shanghai and Shenzhen stock markets are still hogging the spotlight. Although down 18.0% from its recent peak exactly one month ago, the past three days have been good for Chinese stock market investors. After rising 0.60% on Tuesday and 1.17% on ...

From MICHAEL PETTIS, ETF Investor,  3 Sep 2009
Related Topics: World Bank,  Robert Zoellick,  Ben Bernanke

China: The Credibility of Farmers, Priests and Prostitutes – and Bankers?

Three weeks ago China Daily published a pretty funny article about a recent survey on credibility that had taken place in China. According to the article, At a time when shamelessness is pervasive, we are often at loss as to who can be trusted. The ...

From MICHAEL PETTIS, Seeking Alpha,  26 Aug 2009
Related Topics: Wen Jiabao

What Should Have Been Discussed During the SED Meetings

By coincidence I had two OpEd pieces that came out last week, one in the WSJ and the other in the Financial Times. The latter came about because about a month ago Martin Wolf asked me to write a piece based on my June 20 entry. The former came about on ...

From MICHAEL PETTIS, Seeking Alpha,  7 Aug 2009
Related Topics: Wall Street Journal,  Barack Obama

Unimpressed with China’s High Reserve and GDP Growth Numbers

My blog has been blocked in China. Given all the internet blocking that has happened in the past few months I guess this is not much of a surprise, and I was sort of waiting for it to happen, even while I was hoping that it wouldn’t. I think after a ...

From MICHAEL PETTIS, Seeking Alpha,  16 Jul 2009
Related Topics: Barack Obama,  Deutsche Bank,  David Cohen

Stimulus in China: At What Cost?

Monday is the second day of the dreaded gaokao, the national college entrance exam that more than half of all Chinese kids in their age cohort will sit to determine whether or not they will go to university (just over 60% of the test takers will start ...

From MICHAEL PETTIS, Seeking Alpha,  8 Jun 2009
Related Topics: Wen Jiabao

Why do Chinese Save?

My apologies, but once again I have been too busy traveling to post as often as I would like. I am currently in Malaga, in southern Spain, in my family’s home, where incidentally I can see first-hand the consequences of the global economic crisis. ...

From MICHAEL PETTIS, Seeking Alpha,  31 May 2009
Related Topics: Max Weber,  Neil Young

Will China Have to Choose Between Social Stability and Long-Term Growth?

Wow! There are now rumors that Chinese net credit growth in January was substantially higher than the already-astonishing rumors of RMB 1.2 trillion I reported last week. I will get to that at the end of this entry, but I wanted first to discuss a ...

From MICHAEL PETTIS, Seeking Alpha,  9 Feb 2009

Contrasting China Now to the U.S. in 1929

I have been on the road for the past few (and next ten) days, in part because of Spring Festival, so I haven’t been able to post as much as I normally do, but I was asked to write an article for a Chinese magazine, which I recently finished, on ...

From MICHAEL PETTIS, ETF Investor,  21 Jan 2009
Related Topics: Federal Reserve,  Milton Friedman,  Warren Buffett

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