Articles

  • 3 weeks ago | nzz.ch | Michael Pettis

    Gastkommentar Michael Pettis Angesichts des Drucks aus den USA muss Europa handeln. Nur mechanisch von «strategischer Autonomie» zu reden, ersetzt keine Neuausrichtung der weltwirtschaftlichen Strategie. 15.05.2025, 05.30 Uhr 3 min Europa muss sich global besser behaupten. Valentin Alexandrovich Serov (1865-1911): «Raub der Europa» von 1910.

  • 1 month ago | wsj.com | Michael Pettis

    Yes, but only when what threatens them is other countries’ industrial policy. A common refrain among American economists is that the U.S. shouldn’t be overly concerned with its declining share of global manufacturing. They point out that manufacturing has accounted for a shrinking portion of U.S. employment over the years and that automation rather than trade is responsible for most of the dip in employment.

  • 1 month ago | almendron.com | Michael Pettis

    The sweeping tariffs announced by U.S. President Donald Trump on April 2, along with the subsequent postponements and retaliations, have unleashed an enormous amount of global uncertainty. Much of the world’s attention is on the chaotic, short-term consequences of these policies: wild stock market fluctuations, concerns about the U.S. bond market, fears of a recession, and speculation about how different countries will negotiate or react.

  • 1 month ago | foreignaffairs.com | Michael Pettis

    The sweeping tariffs announced by U.S. President Donald Trump on April 2, along with the subsequent postponements and retaliations, have unleashed an enormous amount of global uncertainty. Much of the world’s attention is on the chaotic, short-term consequences of these policies: wild stock market fluctuations, concerns about the U.S. bond market, fears of a recession, and speculation about how different countries will negotiate or react.

  • 1 month ago | ft.com | Michael Pettis

    The writer is a senior associate of the Carnegie Endowment for International Peace There has been justified concern this month that the...

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Michael Pettis
Michael Pettis @michaelxpettis
28 May 25

China's four first-tier cities—Shanghai, Beijing, Shenzhen, and Guangzhou—have been joined in a new "first tier" ranking by 15 other cities: Chengdu, Hangzhou, Chongqing, Wuhan, Suzhou, Xi'an, Nanjing, Changsha, Zhengzhou, Tianjin, Hefei, Qingdao, Dongguan, Ningbo, and Foshan.

Michael Pettis
Michael Pettis @michaelxpettis
27 May 25

Good SCMP article on the structural limits to EU-China trade discussions. https://t.co/062fepHVi7 via @scmpnews

Michael Pettis
Michael Pettis @michaelxpettis
27 May 25

Here is the full Lowy Institute report on how China’s has shifted from being the developing world’s largest source of new finance by the mid-2010s to the developing world's largest recipient of net repayments. https://t.co/NJ0FcIkqul