Pursuits

Meet the Economic Expert Who Says Punk-Rock Is a Bullish Sign for China

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Slouched deep in a swivel chair, knees bouncing up and down and hands gesticulating excitedly, Michael Pettis can’t contain his enthusiasm over “an explosion of creativity” in China’s underground rock music scene.

Carsick Cars, the best-known band on Pettis’s music label Maybe Mars, has just won a semi-official award for exporting culture while another, Chui Wan, has seen a CD break into the top 200 at CMJ, the chart for American college radio stations.