Toggle navigation
TWunroll
TWunroll
faq
Contact US
Michael Pettis
michaelxpettis
1/9Very interesting article: China-based high-yield funds have rushed in to buy bonds of troubled Chinese state-owned enterprises on the back of a sharp sell-off caused by the default last week
Read more
1/3The sudden RMB 1 billion default by a state-owned coal mining company in Henan province ("which just last month got the highest possible rating from a domestic credit rating company,")
Read more
1/5It’s great that the idea of raising minimum wages is become increasingly acceptable. Higher wages, in a world of weak demand, stagnant investment and underutilized resources, will boost business investment
Read more
1/5A Shanghai professor calls Singles Day sales "a barometer to observe China’s economy". He adds that "this online shopping festival will not only serve as an incubator for business innovation,
Read more
1/7Very good article about China’s debt-real estate nexus. The problem with Beijing’s “three red lines” response to excessive leverage in the property sector is that developers can only deleverage if
Read more
1/9Of course regulators worry about Ant's disruptive potential. Its overwhelming success had less to do with its technological innovation and more to do with the fact that a lightly regulated
Read more
1/8Too many people focus on the Washington-Beijing circus as if it were the only show in town, but while it is true that the US-China relationship will probably deteriorate no
Read more
1/5Good article. Beijing has opened up its financial markets to foreigners far more quickly and aggressively than most of us would have expected. Total foreign portfolio holdings of Chinese stocks
Read more
1/7Good article by Janan Ganesh, but while I agree that governance is what democracies are supposed to do best, I would also argue that democracies, as Churchill is supposed to
Read more
1/7Very interesting piece on the gradual and imperfect transition (“GDP adoption in China was an experimental – and ultimately unsuccessful – process of translation”) in China from the Soviet-invented Material
Read more
1/They've said this many times before, Noah, but things have been getting consistently worse, not better. The amount of debt it takes to generate a unit of GDP has been
Read more
1/5Growth in Chinese debt continues to be very high. According to data released today by the PBoC, aggregate financing in China was up RMB 3.6 trillion in August, more than
Read more
‹
1
2
3
4
5
6
7
›
By continuing to use the site, you are consenting to the use of cookies as explained in our
Cookie Policy
to improve your experience.
I agree