Michael Pettis

Last updated on 2017-05-02T19:05+0300.

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Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

smh Friday, June 18, 2021 1:02:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

watoday Friday, June 18, 2021 12:53:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

theage Friday, June 18, 2021 12:36:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

brisbanetimes Friday, June 18, 2021 12:36:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

theherald-au Friday, June 18, 2021 12:30:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

dailymaverick Thursday, June 17, 2021 9:51:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

news-yahoo Thursday, June 17, 2021 6:26:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Wednesday, May 26, 2021 4:28:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Tuesday, May 25, 2021 10:01:00 PM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Tuesday, May 25, 2021 11:00:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

bworldcom Monday, May 24, 2021 8:40:00 PM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 1:23:00 PM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 11:18:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 10:50:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 9:47:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 9:16:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 8:41:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 8:13:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 7:41:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 5:38:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 4:40:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 3:39:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 1:38:00 AM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

taipeitimes Thursday, April 22, 2021 8:45:00 PM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

news-yahoo Wednesday, April 21, 2021 8:35:00 PM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

economictimes Wednesday, April 21, 2021 1:35:00 PM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

bloomberg Wednesday, April 21, 2021 10:53:00 AM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

news-yahoo Wednesday, April 21, 2021 8:10:00 AM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

news-yahoo Wednesday, April 21, 2021 2:43:00 AM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

news-yahoo Wednesday, April 21, 2021 1:41:00 AM EAT

Michael Pettis notes : “everywhere else, growth collapsed long before debts reached levels close to this” External link

eurasiareview Saturday, March 13, 2021 6:22:00 AM EAT

Michael Pettis told : “Unfortunately, China’s reaction to Covid-19 was very different from that of the rest of the world,” External link

hellenicshippingnews Thursday, March 11, 2021 6:52:00 PM EAT

Michael Pettis told : "Unfortunately, China's reaction to Covid-19 was very different from that of the rest of the world," External link

cnbc Wednesday, March 10, 2021 9:38:00 AM EAT

Michael Pettis souligne : «Tous les autres pays du monde sont au-dessus de 60%» External link

capital-FR Wednesday, January 27, 2021 1:37:00 PM EAT

Michael Pettis commente : "C’est exactement le type de croissance non productive que la Chine a essayé de limiter ces dernières années" External link

lepetitjournal Monday, January 25, 2021 6:15:00 PM EAT

Michael Pettis said : “Growth last year came from real estate and infrastructure investment, which is a kind of bad growth that China for years had tried to constrain — it's not healthy growth,” External link

WashingtonPost Monday, January 18, 2021 10:37:00 PM EAT

Michael Pettis said : “While private-sector business investment, which is driven mostly by growth in consumption and exports, was down 1.5% year-to-date, total fixed asset investment was up 0.8% for the year,” “As a result, China’s debt-to-GDP ratio rose dramatically, from roughly 252 last September to roughly 275 last month,” External link

Hindu Monday, October 19, 2020 9:02:00 PM EAT

Michael Pettis said : “It would be more efficient to give them the money than spending two-thirds of it on steel and petroleum and whatever,” External link

expressindia Saturday, August 1, 2020 1:52:00 PM EAT

Michael Pettis said : “It would be more efficient to give them the money than spending two-thirds of it on steel and petroleum and whatever,” External link

finance-commerce Saturday, August 1, 2020 12:43:00 AM EAT

Michael Pettis said : “It would be more efficient to give them the money than spending two-thirds of it on steel and petroleum and whatever,” External link

abs-cbnnews Friday, July 31, 2020 3:11:00 AM EAT

Michael Pettis estime : «pour empêcher le chômage d’augmenter» External link

24heures Friday, May 22, 2020 2:18:00 PM EAT

Michael Pettis estime : «pour empêcher le chômage d’augmenter» External link

tdg Friday, May 22, 2020 2:12:00 PM EAT

Michael Pettis estime : "pour empêcher le chômage d'augmenter" External link

afp-fr Friday, May 22, 2020 9:39:00 AM EAT

Michael Pettis estime : «Ils ne peuvent plus faire une expansion massive. À l’époque, l'état de l'économie n'était pas flambant, mais aujourd'hui il est terrible. Le niveau d'endettement a doublé» External link

lefigaro Friday, April 17, 2020 9:14:00 PM EAT

Michael Pettis juge : «La chose la plus efficace qu'ils puissent faire et de soutenir la consommation des classes populaires» External link

lefigaro Friday, April 17, 2020 9:14:00 PM EAT

Michael Pettis wrote : "It may be part of a developing consensus within at least part of the Beijing policy-making elite that China will pay an unacceptable price if it does not allow GDP growth rates to drop substantially," External link

abc-au Saturday, March 28, 2020 11:02:00 PM EAT

Michael Pettis said : "It's hard to estimate because this isn't over yet, it depends how long it continues for, but so far the economic impact must be fairly significant," External link

abc-au Tuesday, February 11, 2020 2:38:00 AM EAT

Michael Pettis said : "It's hard to estimate because this isn't over yet, it depends how long it continues for, but so far the economic impact must be fairly significant," External link

abc-au Monday, February 10, 2020 9:14:00 PM EAT

Michael Pettis said : “Everything depends on how rapidly it spreads and how serious it gets, but in principle this could have a serious impact on consumption,” External link

irishtimes Monday, January 27, 2020 3:39:00 PM EAT

Michael Pettis said : “to bring discipline into the market, but every time that happens, the consequences become frightening so they back away,” External link

news-yahoo Friday, November 29, 2019 8:00:00 AM EAT

Michael Pettis said : “to bring discipline into the market, but every time that happens, the consequences become frightening so they back away,” External link

expressindia Friday, November 29, 2019 6:36:00 AM EAT

Michael Pettis said : “Historically whenever interest rates are very low and underlying liquidity ample -- which I believe may be the case today -- investors tend to take on too much risk,” External link

news-yahoo Wednesday, October 30, 2019 9:15:00 AM EAT

Michael Pettis said : “Historically whenever interest rates are very low and underlying liquidity ample -- which I believe may be the case today -- investors tend to take on too much risk,” External link

news-yahoo Wednesday, October 30, 2019 6:39:00 AM EAT

Michael Pettis said : “The currency is largely controlled by the PBOC, but the PBOC does not have the independence to decide on its own the level of the renminbi,” External link

expressindia Tuesday, August 6, 2019 2:34:00 PM EAT

Michael Pettis said : “This was clearly a decision made higher up,” External link

expressindia Tuesday, August 6, 2019 2:34:00 PM EAT

Michael Pettis said : “The currency is largely controlled by the PBOC, but the PBOC does not have the independence to decide on its own the level of the renminbi,” External link

beaumontenterprise Tuesday, August 6, 2019 5:10:00 AM EAT

Michael Pettis said : “This was clearly a decision made higher up,” External link

beaumontenterprise Tuesday, August 6, 2019 5:10:00 AM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Tuesday, August 6, 2019 4:38:00 AM EAT

Michael Pettis said : “This was clearly a decision made higher up,” External link

nytimes Tuesday, August 6, 2019 4:38:00 AM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Tuesday, August 6, 2019 3:35:00 AM EAT

Michael Pettis said : “This was clearly a decision made higher up,” External link

nytimes Tuesday, August 6, 2019 3:35:00 AM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Monday, August 5, 2019 11:16:00 PM EAT

Michael Pettis said : “This was clearly a decision made higher up,” External link

nytimes Monday, August 5, 2019 11:16:00 PM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Monday, August 5, 2019 9:39:00 PM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Monday, August 5, 2019 5:52:00 PM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Monday, August 5, 2019 2:37:00 PM EAT

Michael Pettis said : “Exchange rates are the tectonic plates upon which the rest of trade and economic policy are built. You’ve got to fix that first,” External link

WashingtonPost Wednesday, July 31, 2019 2:54:00 AM EAT

Michael Pettis said : “He’s fixing a 21st-century problem with a 19th-century approach,” External link

WashingtonPost Wednesday, July 31, 2019 2:54:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

dailytimesPK Monday, July 29, 2019 9:44:00 PM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

phnompenhpost Monday, July 29, 2019 9:54:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

arabnews Monday, July 29, 2019 6:15:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

thedailystarBD Sunday, July 28, 2019 11:14:00 PM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

businessday Sunday, July 28, 2019 8:17:00 PM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

TheFrontierPost-en Sunday, July 28, 2019 4:34:00 PM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

iran-daily Sunday, July 28, 2019 3:50:00 PM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

egyptindependent Sunday, July 28, 2019 11:31:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

capitalfm Sunday, July 28, 2019 10:58:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

BangkokPost Sunday, July 28, 2019 8:39:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

digitaljournal Sunday, July 28, 2019 7:06:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

news-yahoo Sunday, July 28, 2019 6:50:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

pulse Sunday, July 28, 2019 6:46:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

yahoo-au Sunday, July 28, 2019 6:39:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

afp-en Sunday, July 28, 2019 6:04:00 AM EAT

Michael Pettis said : “The numbers (today) are not surprising, what really matters is how Beijing will react to the numbers,” External link

ChinaPost Tuesday, July 16, 2019 11:53:00 AM EAT

Michael Pettis said : "For those companies producing Christmas toys, for example, it would be easier. It's hard to move an airplane assembly line out of the country," "To move out of the country will definitely raise the prices for consumers" External link

abc-au Wednesday, July 3, 2019 7:25:00 AM EAT

Michael Pettis diz ( about Xi Jinping ) : “A situação do comércio mundial e do regime de capitais actual já não funciona mais e, na realidade, não permite aos países resolver os problemas associados à desigualdade de rendimentos, à dívida e à imigração. É por isso que, mesmo que Trump e Xi cheguem a um acordo no final de junho, ele será temporário” External link

expresso Saturday, May 25, 2019 7:16:00 PM EAT

Michael Pettis explica : “A economia global sofre de uma procura fraca e de um excesso de poupança. O actual quadro do comércio internacional e do regime de movimentos de capital é suportado pela absorção por parte dos EUA de quase metade da poupança excessiva gerada no estrangeiro” External link

expresso Saturday, May 25, 2019 7:16:00 PM EAT

Michael Pettis diz : “Mas a China não compra os títulos do Tesouro norte-americanos como sendo um favor ao governo dos EUA. Compra-os como forma de evitar que o yuan se valorize” “Se Pequim decidisse vender esses títulos levaria a um enfraquecimento do dólar e a uma apreciação do yuan, o que é exactamente o que Washington quer e o que os chineses não querem” External link

expresso Saturday, May 25, 2019 7:16:00 PM EAT

Michael Pettis diz : “Há duas razões porque os chineses não querem a fraqueza da sua moeda, uma que é oficial, e outra que preferem não discutir em público” External link

expresso Saturday, May 25, 2019 7:16:00 PM EAT

Michael Pettis said : “That, in my opinion, is why last week China seems to have given up its more moderate approach to become a lot angrier and tougher,” “This is playing to domestic audiences” External link

thehill Sunday, May 19, 2019 1:38:00 PM EAT

Michael Pettis said : “There are three problems with China’s GDP. One is that it doesn’t necessarily measure the right thing. Two is statistical bias in the way data is collected. Three is really a macro policy problem by the government which should write down all the bad debt,” External link

trendnews-az Thursday, March 7, 2019 6:49:00 PM EAT

Michael Pettis said : “Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses,” External link

gulf-times Friday, December 21, 2018 10:39:00 PM EAT

Michael Pettis explique : "Les dépôts de la clientèle ont donné accès à une liquidité gratuite à Ofo et ses concurrents" External link

la-croix Friday, December 21, 2018 8:33:00 PM EAT

Michael Pettis explique : "Les dépôts de la clientèle ont donné accès à une liquidité gratuite à Ofo et ses concurrents" External link

LePoint Friday, December 21, 2018 8:29:00 PM EAT

Michael Pettis explique : "Les dépôts de la clientèle ont donné accès à une liquidité gratuite à Ofo et ses concurrents" External link

tv5 Friday, December 21, 2018 8:24:00 PM EAT

Michael Pettis explique : "Les dépôts de la clientèle ont donné accès à une liquidité gratuite à Ofo et ses concurrents" External link

capital-FR Friday, December 21, 2018 8:18:00 PM EAT

Michael Pettis explique : "Les dépôts de la clientèle ont donné accès à une liquidité gratuite à Ofo et ses concurrents" External link

romandie Friday, December 21, 2018 8:17:00 PM EAT

Michael Pettis said : "Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses," External link

phys Friday, December 21, 2018 6:15:00 PM EAT

Michael Pettis said : "Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses," External link

channelnewsasia Friday, December 21, 2018 4:09:00 PM EAT

Michael Pettis said : “Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses,” External link

themalaymailonline Friday, December 21, 2018 2:49:00 PM EAT

Michael Pettis said : "Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses," External link

news-yahoo Friday, December 21, 2018 1:24:00 PM EAT

Michael Pettis said : "Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses," External link

afp-en Friday, December 21, 2018 12:41:00 PM EAT

Michael Pettis diz : "No longo prazo, acho que as consequências são muito mais complexas. Para países como os EUA ou o Reino Unido, com mercados de capitais completamente abertos e forte governança corporativa, o regime atual de comércio mundial significa que eles têm déficits comerciais persistentes, à medida que o excesso de poupança ao redor do mundo flui continuamente para os seus sistemas financeiros" "Isso mina as suas economias, ao forçar o crescimento da dívida. Se a consequência dessas tensões comerciais for um ajuste no regime de comércio global em que os países superavitários sejam forçados a distribuir renda de modo a reduzir as suas deficiências na demanda doméstica, seria bom para o mundo e especialmente bom para países como os EUA" External link

valor Tuesday, December 11, 2018 10:18:00 AM EAT

Michael Pettis said : “The first signal from Beijing that it will rein in credit would be to give up the GDP growth target, because the GDP growth target locks the country into surging debt,” External link

scmp Thursday, November 30, 2017 1:43:00 PM EAT

Michael Pettis said : “Everybody agrees that China has a serious debt problem … This growth model has been overall reliant on an unsustainable increase of debt. So it just can’t continue,” “The sooner they address the debt problem, the better” External link

scmp Sunday, October 29, 2017 12:03:00 PM EAT

Michael Pettis said : "Consider the example of building two bridges: one is a bridge to nowhere and the other is a useful bridge. They both enter into the GDP data in exactly the same way," "The way we get the reported data to conform to the true economic value of the bridges in a market economy is to write down the first bridge, as it creates no economic value, and then when we record the associated loss in the GDP calculation, it reduces reported GDP" External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "This mechanism is what ensures that reported GDP growth broadly matches the underlying performance of the economy. But if this mechanism is eliminated, as it seems to be in China, then they no longer match," External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "There is a natural underlying growth of GDP, which is whatever the economy is able to create productively, and then there is the GDP growth target," "If the target is higher than the underlying growth of GDP, the way to bridge the gap is to allow debt to grow enough to increase economic activity by whatever amount is needed" External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "When you set a GDP growth target, in other words, you are implicitly setting a credit growth target. You either have to hit both or neither," External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "There are liberalizing reforms that make long-term sense, but which under certain conditions shouldn't be implemented," "To liberalize the capital account might be good in the long run for China, but it might not be the right time to do it because this is a time when you want to reduce the risk of a financial crisis" External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "Financial crises are always the consequences of asset-liability mismatches. But because its banking system is largely closed and Chinese regulators highly credible, they can restructure liabilities at will, making China unlikely to have a crisis," "However, as you eliminate capital controls, you open up the system and increase the amount of capital inflows and outflows for the country" External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "As long as China does not have a resilient enough financial system and the investor structure remains speculative, China shouldn't open its capital account," "And nobody knows when China will satisfy both conditions" External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "Young Chinese seem to share with young Americans of the 1950s and 1960s a near-unbridgeable generation gap and a huge optimism," External link

msn-uk Tuesday, October 17, 2017 6:53:00 PM EAT

Michael Pettis said : "Because Chinese residents are buying an amount of foreign assets that exceeds the current account surplus , the PBoC must sell enough foreign assets that makes net purchase of foreign assets equal to the Chinese current account surplus," External link

cnbc Friday, January 20, 2017 2:19:00 AM EAT

Michael Pettis prévient : «il est peu probable qu'un retrait américain de la gouvernance mondiale débouche sur un système commercial ordonné où l'épicentre basculerait de Washington à Pékin» «On retournerait plutôt à la situation d'avant Bretton-Woods (1945), avec d'incessants conflits commerciaux et querelles politiques» External link

24heures Saturday, January 14, 2017 12:30:00 PM EAT

Michael Pettis prévient : «il est peu probable qu'un retrait américain de la gouvernance mondiale débouche sur un système commercial ordonné où l'épicentre basculerait de Washington à Pékin» «On retournerait plutôt à la situation d'avant Bretton-Woods (1945), avec d'incessants conflits commerciaux et querelles politiques» External link

tdg Saturday, January 14, 2017 12:25:00 PM EAT

Michael Pettis prévient : «il est peu probable qu'un retrait américain de la gouvernance mondiale débouche sur un système commercial ordonné où l'épicentre basculerait de Washington à Pékin» «On retournerait plutôt à la situation d'avant Bretton-Woods (1945), avec d'incessants conflits commerciaux et querelles politiques» External link

lapresse-CA Thursday, January 12, 2017 4:37:00 PM EAT

Michael Pettis prévient : "il est peu probable qu'un retrait américain de la gouvernance mondiale débouche sur un système commercial ordonné où l'épicentre basculerait de Washington à Pékin" "On retournerait plutôt à la situation d'avant Bretton-Woods (1945), avec d'incessants conflits commerciaux et querelles politiques" External link

rtl-BE Thursday, January 12, 2017 2:54:00 PM EAT

Michael Pettis prévient : "il est peu probable qu'un retrait américain de la gouvernance mondiale débouche sur un système commercial ordonné où l'épicentre basculerait de Washington à Pékin" "On retournerait plutôt à la situation d'avant Bretton-Woods (1945), avec d'incessants conflits commerciaux et querelles politiques" External link

afp-fr Thursday, January 12, 2017 11:52:00 AM EAT

Michael Pettis says : "If you build infrastructure, that's great for the U.S. and good for China," External link

npr Wednesday, November 16, 2016 11:12:00 PM EAT

Michael Pettis says : "The U.S. is in a very, very different position today – the opposite position than it was in 1930," External link

npr Wednesday, November 16, 2016 11:12:00 PM EAT

Michael Pettis says : "If you intervene in trade, that's probably good for the U.S., certainly bad for China," External link

npr Wednesday, November 16, 2016 11:12:00 PM EAT

Michael Pettis said : "We can't simply assume there isn't any debt there, or that it's family debt and mom is never going to foreclose on you so it's OK," External link

reuters Friday, November 11, 2016 1:03:00 PM EAT

Michael Pettis said : "Everyone wants this thing called 'exorbitant privilege,' but if you try to give it to them, they get furious and they tell you to stop," External link

sltrib Friday, September 30, 2016 10:27:00 AM EAT



Key Titles and Phrases Count Lang Last Seen
expert7.35%EN10/26/201726/10/2017
professor1.47%PT05/02/201702/05/2017
professor29.41%EN01/19/201719/01/2017
peking university professor8.82%EN01/14/201714/01/2017
economist44.12%EN11/18/201618/11/2016
economist professor8.82%EN03/11/201511/03/2015
Names Lang Count
Michael PettisEN25.42%
Michael PettisFR19.21%
Michael PettisPT14.12%
Michael PettisSK13.56%
Michael PettisES13.56%
Michael PettisAF13.56%
MICHAEL PETTISEN0.56%


 
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Michael Pettis

Last updated on 2017-05-02T19:05+0300.

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Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

smh Friday, June 18, 2021 1:02:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

watoday Friday, June 18, 2021 12:53:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

theage Friday, June 18, 2021 12:36:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

brisbanetimes Friday, June 18, 2021 12:36:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

theherald-au Friday, June 18, 2021 12:30:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

dailymaverick Thursday, June 17, 2021 9:51:00 AM EAT

Michael Pettis said : “The problem for China is that there is more debt and more risks to the financial system, making it harder to give up control of domestic markets,” External link

news-yahoo Thursday, June 17, 2021 6:26:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Wednesday, May 26, 2021 4:28:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Tuesday, May 25, 2021 10:01:00 PM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Tuesday, May 25, 2021 11:00:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

bworldcom Monday, May 24, 2021 8:40:00 PM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 1:23:00 PM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 11:18:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 10:50:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 9:47:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 9:16:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 8:41:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 8:13:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 7:41:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 5:38:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 4:40:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 3:39:00 AM EAT

Michael Pettis said : “They’re damned if they do and damned if they don’t,” External link

news-yahoo Monday, May 24, 2021 1:38:00 AM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

taipeitimes Thursday, April 22, 2021 8:45:00 PM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

news-yahoo Wednesday, April 21, 2021 8:35:00 PM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

economictimes Wednesday, April 21, 2021 1:35:00 PM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

bloomberg Wednesday, April 21, 2021 10:53:00 AM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

news-yahoo Wednesday, April 21, 2021 8:10:00 AM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

news-yahoo Wednesday, April 21, 2021 2:43:00 AM EAT

Michael Pettis said : “The dollar is not the dominant reserve currency because the Americans say it must be,” External link

news-yahoo Wednesday, April 21, 2021 1:41:00 AM EAT

Michael Pettis notes : “everywhere else, growth collapsed long before debts reached levels close to this” External link

eurasiareview Saturday, March 13, 2021 6:22:00 AM EAT

Michael Pettis told : “Unfortunately, China’s reaction to Covid-19 was very different from that of the rest of the world,” External link

hellenicshippingnews Thursday, March 11, 2021 6:52:00 PM EAT

Michael Pettis told : "Unfortunately, China's reaction to Covid-19 was very different from that of the rest of the world," External link

cnbc Wednesday, March 10, 2021 9:38:00 AM EAT

Michael Pettis souligne : «Tous les autres pays du monde sont au-dessus de 60%» External link

capital-FR Wednesday, January 27, 2021 1:37:00 PM EAT

Michael Pettis commente : "C’est exactement le type de croissance non productive que la Chine a essayé de limiter ces dernières années" External link

lepetitjournal Monday, January 25, 2021 6:15:00 PM EAT

Michael Pettis said : “Growth last year came from real estate and infrastructure investment, which is a kind of bad growth that China for years had tried to constrain — it's not healthy growth,” External link

WashingtonPost Monday, January 18, 2021 10:37:00 PM EAT

Michael Pettis said : “While private-sector business investment, which is driven mostly by growth in consumption and exports, was down 1.5% year-to-date, total fixed asset investment was up 0.8% for the year,” “As a result, China’s debt-to-GDP ratio rose dramatically, from roughly 252 last September to roughly 275 last month,” External link

Hindu Monday, October 19, 2020 9:02:00 PM EAT

Michael Pettis said : “It would be more efficient to give them the money than spending two-thirds of it on steel and petroleum and whatever,” External link

expressindia Saturday, August 1, 2020 1:52:00 PM EAT

Michael Pettis said : “It would be more efficient to give them the money than spending two-thirds of it on steel and petroleum and whatever,” External link

finance-commerce Saturday, August 1, 2020 12:43:00 AM EAT

Michael Pettis said : “It would be more efficient to give them the money than spending two-thirds of it on steel and petroleum and whatever,” External link

abs-cbnnews Friday, July 31, 2020 3:11:00 AM EAT

Michael Pettis estime : «pour empêcher le chômage d’augmenter» External link

24heures Friday, May 22, 2020 2:18:00 PM EAT

Michael Pettis estime : «pour empêcher le chômage d’augmenter» External link

tdg Friday, May 22, 2020 2:12:00 PM EAT

Michael Pettis estime : "pour empêcher le chômage d'augmenter" External link

afp-fr Friday, May 22, 2020 9:39:00 AM EAT

Michael Pettis estime : «Ils ne peuvent plus faire une expansion massive. À l’époque, l'état de l'économie n'était pas flambant, mais aujourd'hui il est terrible. Le niveau d'endettement a doublé» External link

lefigaro Friday, April 17, 2020 9:14:00 PM EAT

Michael Pettis juge : «La chose la plus efficace qu'ils puissent faire et de soutenir la consommation des classes populaires» External link

lefigaro Friday, April 17, 2020 9:14:00 PM EAT

Michael Pettis wrote : "It may be part of a developing consensus within at least part of the Beijing policy-making elite that China will pay an unacceptable price if it does not allow GDP growth rates to drop substantially," External link

abc-au Saturday, March 28, 2020 11:02:00 PM EAT

Michael Pettis said : "It's hard to estimate because this isn't over yet, it depends how long it continues for, but so far the economic impact must be fairly significant," External link

abc-au Tuesday, February 11, 2020 2:38:00 AM EAT

Michael Pettis said : "It's hard to estimate because this isn't over yet, it depends how long it continues for, but so far the economic impact must be fairly significant," External link

abc-au Monday, February 10, 2020 9:14:00 PM EAT

Michael Pettis said : “Everything depends on how rapidly it spreads and how serious it gets, but in principle this could have a serious impact on consumption,” External link

irishtimes Monday, January 27, 2020 3:39:00 PM EAT

Michael Pettis said : “to bring discipline into the market, but every time that happens, the consequences become frightening so they back away,” External link

news-yahoo Friday, November 29, 2019 8:00:00 AM EAT

Michael Pettis said : “to bring discipline into the market, but every time that happens, the consequences become frightening so they back away,” External link

expressindia Friday, November 29, 2019 6:36:00 AM EAT

Michael Pettis said : “Historically whenever interest rates are very low and underlying liquidity ample -- which I believe may be the case today -- investors tend to take on too much risk,” External link

news-yahoo Wednesday, October 30, 2019 9:15:00 AM EAT

Michael Pettis said : “Historically whenever interest rates are very low and underlying liquidity ample -- which I believe may be the case today -- investors tend to take on too much risk,” External link

news-yahoo Wednesday, October 30, 2019 6:39:00 AM EAT

Michael Pettis said : “The currency is largely controlled by the PBOC, but the PBOC does not have the independence to decide on its own the level of the renminbi,” External link

expressindia Tuesday, August 6, 2019 2:34:00 PM EAT

Michael Pettis said : “This was clearly a decision made higher up,” External link

expressindia Tuesday, August 6, 2019 2:34:00 PM EAT

Michael Pettis said : “The currency is largely controlled by the PBOC, but the PBOC does not have the independence to decide on its own the level of the renminbi,” External link

beaumontenterprise Tuesday, August 6, 2019 5:10:00 AM EAT

Michael Pettis said : “This was clearly a decision made higher up,” External link

beaumontenterprise Tuesday, August 6, 2019 5:10:00 AM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Tuesday, August 6, 2019 4:38:00 AM EAT

Michael Pettis said : “This was clearly a decision made higher up,” External link

nytimes Tuesday, August 6, 2019 4:38:00 AM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Tuesday, August 6, 2019 3:35:00 AM EAT

Michael Pettis said : “This was clearly a decision made higher up,” External link

nytimes Tuesday, August 6, 2019 3:35:00 AM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Monday, August 5, 2019 11:16:00 PM EAT

Michael Pettis said : “This was clearly a decision made higher up,” External link

nytimes Monday, August 5, 2019 11:16:00 PM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Monday, August 5, 2019 9:39:00 PM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Monday, August 5, 2019 5:52:00 PM EAT

Michael Pettis said : “The currency is largely controlled by the P.B.O.C., but the P.B.O.C. does not have the independence to decide on its own the level of the renminbi,” External link

nytimes Monday, August 5, 2019 2:37:00 PM EAT

Michael Pettis said : “Exchange rates are the tectonic plates upon which the rest of trade and economic policy are built. You’ve got to fix that first,” External link

WashingtonPost Wednesday, July 31, 2019 2:54:00 AM EAT

Michael Pettis said : “He’s fixing a 21st-century problem with a 19th-century approach,” External link

WashingtonPost Wednesday, July 31, 2019 2:54:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

dailytimesPK Monday, July 29, 2019 9:44:00 PM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

phnompenhpost Monday, July 29, 2019 9:54:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

arabnews Monday, July 29, 2019 6:15:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

thedailystarBD Sunday, July 28, 2019 11:14:00 PM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

businessday Sunday, July 28, 2019 8:17:00 PM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

TheFrontierPost-en Sunday, July 28, 2019 4:34:00 PM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

iran-daily Sunday, July 28, 2019 3:50:00 PM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

egyptindependent Sunday, July 28, 2019 11:31:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : “It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him,” External link

capitalfm Sunday, July 28, 2019 10:58:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

BangkokPost Sunday, July 28, 2019 8:39:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

digitaljournal Sunday, July 28, 2019 7:06:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

news-yahoo Sunday, July 28, 2019 6:50:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

pulse Sunday, July 28, 2019 6:46:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

yahoo-au Sunday, July 28, 2019 6:39:00 AM EAT

Michael Pettis said ( about Xi Jinping ) : "It could be an attempt to distance the consequences of the negotiations from Xi Jinping and the people immediately around him," External link

afp-en Sunday, July 28, 2019 6:04:00 AM EAT

Michael Pettis said : “The numbers (today) are not surprising, what really matters is how Beijing will react to the numbers,” External link

ChinaPost Tuesday, July 16, 2019 11:53:00 AM EAT

Michael Pettis said : "For those companies producing Christmas toys, for example, it would be easier. It's hard to move an airplane assembly line out of the country," "To move out of the country will definitely raise the prices for consumers" External link

abc-au Wednesday, July 3, 2019 7:25:00 AM EAT

Michael Pettis diz ( about Xi Jinping ) : “A situação do comércio mundial e do regime de capitais actual já não funciona mais e, na realidade, não permite aos países resolver os problemas associados à desigualdade de rendimentos, à dívida e à imigração. É por isso que, mesmo que Trump e Xi cheguem a um acordo no final de junho, ele será temporário” External link

expresso Saturday, May 25, 2019 7:16:00 PM EAT

Michael Pettis explica : “A economia global sofre de uma procura fraca e de um excesso de poupança. O actual quadro do comércio internacional e do regime de movimentos de capital é suportado pela absorção por parte dos EUA de quase metade da poupança excessiva gerada no estrangeiro” External link

expresso Saturday, May 25, 2019 7:16:00 PM EAT

Michael Pettis diz : “Mas a China não compra os títulos do Tesouro norte-americanos como sendo um favor ao governo dos EUA. Compra-os como forma de evitar que o yuan se valorize” “Se Pequim decidisse vender esses títulos levaria a um enfraquecimento do dólar e a uma apreciação do yuan, o que é exactamente o que Washington quer e o que os chineses não querem” External link

expresso Saturday, May 25, 2019 7:16:00 PM EAT

Michael Pettis diz : “Há duas razões porque os chineses não querem a fraqueza da sua moeda, uma que é oficial, e outra que preferem não discutir em público” External link

expresso Saturday, May 25, 2019 7:16:00 PM EAT

Michael Pettis said : “That, in my opinion, is why last week China seems to have given up its more moderate approach to become a lot angrier and tougher,” “This is playing to domestic audiences” External link

thehill Sunday, May 19, 2019 1:38:00 PM EAT

Michael Pettis said : “There are three problems with China’s GDP. One is that it doesn’t necessarily measure the right thing. Two is statistical bias in the way data is collected. Three is really a macro policy problem by the government which should write down all the bad debt,” External link

trendnews-az Thursday, March 7, 2019 6:49:00 PM EAT

Michael Pettis said : “Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses,” External link

gulf-times Friday, December 21, 2018 10:39:00 PM EAT

Michael Pettis explique : "Les dépôts de la clientèle ont donné accès à une liquidité gratuite à Ofo et ses concurrents" External link

la-croix Friday, December 21, 2018 8:33:00 PM EAT

Michael Pettis explique : "Les dépôts de la clientèle ont donné accès à une liquidité gratuite à Ofo et ses concurrents" External link

LePoint Friday, December 21, 2018 8:29:00 PM EAT

Michael Pettis explique : "Les dépôts de la clientèle ont donné accès à une liquidité gratuite à Ofo et ses concurrents" External link

tv5 Friday, December 21, 2018 8:24:00 PM EAT

Michael Pettis explique : "Les dépôts de la clientèle ont donné accès à une liquidité gratuite à Ofo et ses concurrents" External link

capital-FR Friday, December 21, 2018 8:18:00 PM EAT

Michael Pettis explique : "Les dépôts de la clientèle ont donné accès à une liquidité gratuite à Ofo et ses concurrents" External link

romandie Friday, December 21, 2018 8:17:00 PM EAT

Michael Pettis said : "Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses," External link

phys Friday, December 21, 2018 6:15:00 PM EAT

Michael Pettis said : "Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses," External link

channelnewsasia Friday, December 21, 2018 4:09:00 PM EAT

Michael Pettis said : “Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses,” External link

themalaymailonline Friday, December 21, 2018 2:49:00 PM EAT

Michael Pettis said : "Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses," External link

news-yahoo Friday, December 21, 2018 1:24:00 PM EAT

Michael Pettis said : "Access to customer deposits has acted as a free liquidity lifeline to Ofo and other bicycle-rental businesses," External link

afp-en Friday, December 21, 2018 12:41:00 PM EAT

Michael Pettis diz : "No longo prazo, acho que as consequências são muito mais complexas. Para países como os EUA ou o Reino Unido, com mercados de capitais completamente abertos e forte governança corporativa, o regime atual de comércio mundial significa que eles têm déficits comerciais persistentes, à medida que o excesso de poupança ao redor do mundo flui continuamente para os seus sistemas financeiros" "Isso mina as suas economias, ao forçar o crescimento da dívida. Se a consequência dessas tensões comerciais for um ajuste no regime de comércio global em que os países superavitários sejam forçados a distribuir renda de modo a reduzir as suas deficiências na demanda doméstica, seria bom para o mundo e especialmente bom para países como os EUA" External link

valor Tuesday, December 11, 2018 10:18:00 AM EAT

Michael Pettis said : “The first signal from Beijing that it will rein in credit would be to give up the GDP growth target, because the GDP growth target locks the country into surging debt,” External link

scmp Thursday, November 30, 2017 1:43:00 PM EAT

Michael Pettis said : “Everybody agrees that China has a serious debt problem … This growth model has been overall reliant on an unsustainable increase of debt. So it just can’t continue,” “The sooner they address the debt problem, the better” External link

scmp Sunday, October 29, 2017 12:03:00 PM EAT

Michael Pettis said : "Consider the example of building two bridges: one is a bridge to nowhere and the other is a useful bridge. They both enter into the GDP data in exactly the same way," "The way we get the reported data to conform to the true economic value of the bridges in a market economy is to write down the first bridge, as it creates no economic value, and then when we record the associated loss in the GDP calculation, it reduces reported GDP" External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "This mechanism is what ensures that reported GDP growth broadly matches the underlying performance of the economy. But if this mechanism is eliminated, as it seems to be in China, then they no longer match," External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "There is a natural underlying growth of GDP, which is whatever the economy is able to create productively, and then there is the GDP growth target," "If the target is higher than the underlying growth of GDP, the way to bridge the gap is to allow debt to grow enough to increase economic activity by whatever amount is needed" External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "When you set a GDP growth target, in other words, you are implicitly setting a credit growth target. You either have to hit both or neither," External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "There are liberalizing reforms that make long-term sense, but which under certain conditions shouldn't be implemented," "To liberalize the capital account might be good in the long run for China, but it might not be the right time to do it because this is a time when you want to reduce the risk of a financial crisis" External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "Financial crises are always the consequences of asset-liability mismatches. But because its banking system is largely closed and Chinese regulators highly credible, they can restructure liabilities at will, making China unlikely to have a crisis," "However, as you eliminate capital controls, you open up the system and increase the amount of capital inflows and outflows for the country" External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "As long as China does not have a resilient enough financial system and the investor structure remains speculative, China shouldn't open its capital account," "And nobody knows when China will satisfy both conditions" External link

mninews Thursday, October 26, 2017 11:24:00 AM EAT

Michael Pettis said : "Young Chinese seem to share with young Americans of the 1950s and 1960s a near-unbridgeable generation gap and a huge optimism," External link

msn-uk Tuesday, October 17, 2017 6:53:00 PM EAT

Michael Pettis said : "Because Chinese residents are buying an amount of foreign assets that exceeds the current account surplus , the PBoC must sell enough foreign assets that makes net purchase of foreign assets equal to the Chinese current account surplus," External link

cnbc Friday, January 20, 2017 2:19:00 AM EAT

Michael Pettis prévient : «il est peu probable qu'un retrait américain de la gouvernance mondiale débouche sur un système commercial ordonné où l'épicentre basculerait de Washington à Pékin» «On retournerait plutôt à la situation d'avant Bretton-Woods (1945), avec d'incessants conflits commerciaux et querelles politiques» External link

24heures Saturday, January 14, 2017 12:30:00 PM EAT

Michael Pettis prévient : «il est peu probable qu'un retrait américain de la gouvernance mondiale débouche sur un système commercial ordonné où l'épicentre basculerait de Washington à Pékin» «On retournerait plutôt à la situation d'avant Bretton-Woods (1945), avec d'incessants conflits commerciaux et querelles politiques» External link

tdg Saturday, January 14, 2017 12:25:00 PM EAT

Michael Pettis prévient : «il est peu probable qu'un retrait américain de la gouvernance mondiale débouche sur un système commercial ordonné où l'épicentre basculerait de Washington à Pékin» «On retournerait plutôt à la situation d'avant Bretton-Woods (1945), avec d'incessants conflits commerciaux et querelles politiques» External link

lapresse-CA Thursday, January 12, 2017 4:37:00 PM EAT

Michael Pettis prévient : "il est peu probable qu'un retrait américain de la gouvernance mondiale débouche sur un système commercial ordonné où l'épicentre basculerait de Washington à Pékin" "On retournerait plutôt à la situation d'avant Bretton-Woods (1945), avec d'incessants conflits commerciaux et querelles politiques" External link

rtl-BE Thursday, January 12, 2017 2:54:00 PM EAT

Michael Pettis prévient : "il est peu probable qu'un retrait américain de la gouvernance mondiale débouche sur un système commercial ordonné où l'épicentre basculerait de Washington à Pékin" "On retournerait plutôt à la situation d'avant Bretton-Woods (1945), avec d'incessants conflits commerciaux et querelles politiques" External link

afp-fr Thursday, January 12, 2017 11:52:00 AM EAT

Michael Pettis says : "If you build infrastructure, that's great for the U.S. and good for China," External link

npr Wednesday, November 16, 2016 11:12:00 PM EAT

Michael Pettis says : "The U.S. is in a very, very different position today – the opposite position than it was in 1930," External link

npr Wednesday, November 16, 2016 11:12:00 PM EAT

Michael Pettis says : "If you intervene in trade, that's probably good for the U.S., certainly bad for China," External link

npr Wednesday, November 16, 2016 11:12:00 PM EAT

Michael Pettis said : "We can't simply assume there isn't any debt there, or that it's family debt and mom is never going to foreclose on you so it's OK," External link

reuters Friday, November 11, 2016 1:03:00 PM EAT

Michael Pettis said : "Everyone wants this thing called 'exorbitant privilege,' but if you try to give it to them, they get furious and they tell you to stop," External link

sltrib Friday, September 30, 2016 10:27:00 AM EAT



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expert7.35%EN10/26/201726/10/2017
professor1.47%PT05/02/201702/05/2017
professor29.41%EN01/19/201719/01/2017
peking university professor8.82%EN01/14/201714/01/2017
economist44.12%EN11/18/201618/11/2016
economist professor8.82%EN03/11/201511/03/2015
Names Lang Count
Michael PettisEN25.42%
Michael PettisFR19.21%
Michael PettisPT14.12%
Michael PettisSK13.56%
Michael PettisES13.56%
Michael PettisAF13.56%
MICHAEL PETTISEN0.56%


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