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Michael Pettis

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  • Wednesday, 27 April, 2022
    Foreign exchange
    Will the renminbi depreciation actually boost Chinese growth?

    Probably not. Here’s why.

  • Wednesday, 20 April, 2022
    Global Economy
    China’s never-ending story

    The Chinese economy still needs demand-side support, not more supply-side support

  • Tuesday, 18 January, 2022
    Markets InsightChinese politics & policy
    China’s record trade gap a symptom of struggle to rebalance its economy

    Surpluses will continue as Beijing struggles to rein in burgeoning debt and increase domestic consumption

  • Monday, 2 August, 2021
    Markets InsightChinese economy
    Why it might be good for China if foreign investors are wary

    Regulators should be more worried by too much buying of its stocks and bonds than by too little

  • Sunday, 22 November, 2020
    Chinese economy
    Xi’s aim to double China’s economy is a fantasy

    The idea that GDP can be twice as big in 2035 faces two significant obstacles: demography and politics

  • Friday, 18 September, 2020
    News in-depthFT Alphaville
    Why China’s recovery is not what it seems

    Michael Pettis argues imbalances will continue to set China back unless retail sales once again begin to outpace industrial production.

  • Tuesday, 25 August, 2020
    FT AlphavilleChinese economy
    The problems with China’s “Dual Circulation” economic model

    When it comes to the future of the Chinese economy, Beijing has a difficult choice to make.

  • Thursday, 18 June, 2020
    Free LunchMartin Sandbu
    Savings gluts and investment droughts Premium content

    How global macroeconomic asymmetries reflect homespun economic problems

  • Wednesday, 27 May, 2020
    Robert Armstrong
    Business will be the loser in the US-China fight

    Both nations are indispensable, so companies face a two-track world

  • Sunday, 26 April, 2020
    China Economic Slowdown
    China’s economy can only grow with more state control not less

    Beijing’s repeated pledges to shrink the state are both empty and impossible

  • Monday, 13 January, 2020
    Markets InsightEquity valuation
    Fundamentals simply do not matter in China’s stock markets

    It is wrong to assume that prices reflect a genuine ‘view’ about growth prospects

  • Sunday, 10 November, 2019
    Chinese business & finance
    Opening up to foreign capital would be a mixed blessing for China

    This would be a dangerous way of trying to fix an unstable banking system

  • Wednesday, 11 July, 2018
    Central banks
    The 'marginal buyers' in credit are neither marginal nor buyers
  • Monday, 25 June, 2018
    FT AlphavilleDan McCrum
    The return of capital controls
  • Thursday, 12 April, 2018
    FT AlphavilleGlobal trade
    Tariffs increase savings in a world already drowsy with too much savings
  • Tuesday, 6 March, 2018
    FT AlphavilleMatthew C Klein
    China’s household debt problem
  • Monday, 5 March, 2018
    FT AlphavilleDan McCrum
    Someone is wrong on the internet, accounting identity edition
  • Tuesday, 16 January, 2018
    FT AlphavilleMatthew C Klein
    What if China stops being an optimal currency area?
  • Sunday, 19 November, 2017
    Chinese politics & policy
    China’s growth miracle has run out of steam

    Beijing must reveal the true level of GDP and wasted investment

  • Monday, 31 July, 2017
    FT AlphavilleGlobal trade
    Podcast: Michael Pettis on the mechanics of trade and the Chinese economy
  • Thursday, 2 June, 2016
    FT AlphavilleDavid Keohane
    Camp Alphaville homework, Pettis edition
  • Monday, 15 February, 2016
    FT AlphavilleCardiff Garcia
    Our chat with Michael Pettis (updated with full transcript)
  • Friday, 5 February, 2016
    FT AlphavilleCardiff Garcia
    Alphachat: Michael Pettis on the Chinese economy, plus the US election and conservative talk radio
  • Monday, 25 January, 2016
    FT AlphavilleDavid Keohane
    Further, further Pettis on China’s new “supply-side” reforms
  • Friday, 13 November, 2015
    FT AlphavilleEurozone economy
    One way the euro has become a lot more like the dollar
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