Commentary
Michael Pettis
{
"authors": [
"Michael Pettis"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "",
"centers": [
"Carnegie Endowment for International Peace",
"Carnegie China"
],
"collections": [
"China’s Foreign Relations",
"U.S.-China Relations"
],
"englishNewsletterAll": "",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "",
"programs": [],
"projects": [],
"regions": [],
"topics": [
"Economy"
]
}
Source: Getty
In The Media
The Global Financial Crisis and U.S.-China Relations
State-level visits between China and the United States are very important, given that relations between China nd the United States are probably going to be among the most critical bilateral relationships for the next fifteen years.
Published on Jan 16, 2011
Source: Phoenix TV
Michael Pettis, talking to Phoenix TV, explained that state-level visits between China and the United States are always very important. “The relations between China nd the United States are probably going to be the driving relationships for the next 15 years,” Pettis said. As a result, it is important for high level officials in both countries to get a sense of their counterparts and to understand the ideas that drive each other's foreign policy. Pettis added that the current global financial crisis only increases the importance of Hu Jintao's up-coming visit.
About the Author
Michael Pettis
Nonresident Senior Fellow, Carnegie China
Michael Pettis is a nonresident senior fellow at the Carnegie Endowment for International Peace. An expert on China’s economy, Pettis is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.
- Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?
- Is China’s High-Quality Investment Output Economically Viable?Commentary
Michael Pettis
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie China
- Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?Commentary
China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalances that continue to shape the Chinese economy today.
Michael Pettis
- The Xi Doctrine Zeros in on “High-Quality Development” for China’s Economic FutureCommentary
In the latest Five-Year Plan, the Chinese president cements the shift to an innovation-driven economy over a consumption-driven one.
Damien Ma
- How China’s Growth Model Determines Its Climate PerformanceCommentary
Rather than climate ambitions, compatibility with investment and exports is why China supports both green and high-emission technologies.
Mathias Larsen
- What’s New about Involution?Commentary
“Involution” is a new word for an old problem, and without a very different set of policies to rein it in, it is a problem that is likely to persist.
Michael Pettis
- The Chinese Investment Riddle: What Cities RevealCommentary
While China's investment story seems contradictory from the outside, the real answers to Beijing's high-quality growth ambitions are hiding in plain sight across the nation's cities.
Yuhan Zhang
