On the Mechanics of Trade and the Chinese Economy

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In The Media

On the Mechanics of Trade and the Chinese Economy

Very large persistent surpluses and deficits are almost always the result of distorted policies in one or more countries.

By Michael Pettis

Published on Jul 28, 2017

Source: Financial Times

In this two part-part episode, the Financial Times’ Alphachat speaks with Carnegie’s Michael Pettis, the first-ever guest on Alphachat back in 2011. They discuss the analytical framework in Pettis’ book The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy and the recent history of the Chinese economy.

Listen to the broadcast

This interview was originally broadcast by the Financial Times.

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.

Recent Work

Commentary
What’s New about Involution?
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Using China’s Central Government Balance Sheet to “Clean up” Local Government Debt Is a Bad Idea
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Economy Trade Foreign Policy East Asia China

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.

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