Professor at Peking University
Contributor's Links: China Financial Markets

Michael Pettis is a professor at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets. He has also taught, from 2002 to 2004, at Tsinghua University’s School of Economics and Management and, from 1992 to 2001, at Columbia ... more

ALL CONTRIBUTIONS

How China Would Respond To Lower Exports
China’s large structural trade surpluses are the consequence of internal economic imbalances, which means that any external pressure that results in a contraction of its trade surplus must be accommodated by shifts in these internal imbalances.
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What’s In Store For China’s Mortgage Market?
The Chinese economy has been wracked by rural bank defaults and boycotts over mortgage payments. First, I will explain these events and what they reveal about the health of Chinese markets.
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The Only Five Paths China’s Economy Can Follow - Part II
Aside from the economy’s current path, there are only four other paths China can follow, each with its own requirements and constraints. Part 2 of 2.
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The Only Five Paths China’s Economy Can Follow - Part I
There is increasingly a consensus in Beijing that China’s excessive reliance on surging debt in recent years has made the country’s growth model unsustainable.
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Changing The Top Global Currency Means Changing The Patterns Of Global Trade
Giving up the use of the U.S. dollar for global trade and reserve accumulation would be very difficult for U.S. adversaries and would require major economic adjustments.
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How Does Excessive Debt Hurt An Economy?
Most economists have trouble understanding why too much debt may harm an economy, let alone how much debt counts as too much.
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STOCKS I FOLLOW

AUSE Wisdomtree Trust
CNY Market Vectors-Renminbi/USD ETN
CYB WisdomTree Dreyfus Chinese Yuan Fund
DFJ WisdomTree Japan SmallCap Fund
DXJ WisdomTree Japan Total Dividend Fund
EDC Emerging Markets Bull 3x Shares
EEM iShares MSCI Emerging Markets Index
EUO ProShares UltraShort Euro
EWA iShares MSCI Australia Index Fund
EWJ iShares MSCI Japan Index Fund
FCA First Trust Exchange-Traded AlphaDEX Fund 2
FXE Euro Currency Trust
FXI iShares China Large-Cap
GXC SPDR S&P China ETF
IEV iShares Europe
PGJ PowerShares Gldn Dragon Halter USX China
SLX Market Vectors Steel Index Fund
SPY SPDR S&P 500
VGK VANGUARD EUROPEAN ETF
VWO Vanguard FTSE Emerging Markets ETF
YINN Direxion Daily China 3x Bear
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