Michael Pettis

Senior Associate

Michael Pettis is a professor of finance at the Guanghua School of Management at Peking University in Beijing.

Latest

A JPMorgan Chase & Co. Bank Branch Ahead Of Earnings Figures

Bloomberg Opinion

5 Smart Reasons to Tax Foreign Capital

A bipartisan bill that would create a trade-balancing exchange rate for the dollar also aims to reduce foreign purchases of certain U.S. assets.

August 1, 2019

August 1, 2019

OpinionMichael Pettis

5 Smart Reasons to Tax Foreign Capital

A bipartisan bill that would create a trade-balancing exchange rate for the dollar also aims to reduce foreign purchases of certain U.S. assets.

A JPMorgan Chase & Co. Bank Branch Ahead Of Earnings Figures

April 3, 2019

April 3, 2019

OpinionMichael Pettis

Don’t Breathe Easy About China Yet

If the government really gets serious about deleveraging, growth rates are going to plummet a lot faster than most people expect.

Shanghai's Yangshan Deepwater Port Following U.S. And China's First Day of Trade Talks

August 19, 2018

August 19, 2018

OpinionMichael Pettis

Trade War Won’t Dent China’s GDP

To see the conflict’s true toll, look at rising debt instead.

CHINA-US-TRADE-FLAGS-MANUFACTURING

May 20, 2018

May 20, 2018

OpinionMichael Pettis

Even $200 Billion Isn’t Enough

Selling more to China won’t solve America’s larger problem.

Seeing red.

January 25, 2018

January 25, 2018

OpinionMichael Pettis

Protectionism Can't Fix Trade Imbalances

If Washington wants to reduce deficits, it must focus on capital.

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December 17, 2017

December 17, 2017

OpinionMichael Pettis

Let China's Workers Roam Free

Clamping down could make the struggle against debt much harder.

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November 26, 2017

November 26, 2017

OpinionMichael Pettis

Maybe China Shouldn't Open Up

Right now, liberalization might hurt, not help the battle against debt.

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June 14, 2017

June 14, 2017

OpinionMichael Pettis

Can China Really Rein in Credit?

Slower economic growth would be healthier. But that's really a political question.

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May 8, 2017

May 8, 2017

OpinionMichael Pettis

Actually, Americans Don't Spend Too Much

Foreign money, not greed, is driving down U.S. savings rates.

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April 4, 2017

April 4, 2017

OpinionMichael Pettis

What's Really Driving the Trade Deficit With China

Hint: It's not cars or clothes or computers.

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February 8, 2017

February 8, 2017

OpinionMichael Pettis

Trade Deficit With Mexico Is Good for America

Punishing its southern neighbor would make the U.S. worse off.

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January 16, 2017

January 16, 2017

OpinionTom Orlik and Michael Pettis

Debate: Can China Survive Trump?

New trade barriers threaten the world's second-largest economy.

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September 24, 2013

September 24, 2013

OpinionMichael Pettis

Party Will Pay the Price for China’s Rebalancing

September 23, 2013

September 23, 2013

OpinionMichael Pettis

China Reforms Face Headwinds at Home and Abroad

July 21, 2013

July 21, 2013

OpinionMichael Pettis

What’s in a Number? In China, Not Much