Commentary
Michael Pettis
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Source: Getty
In The Media
Cautious Optimism About China
China's new political leadership knows that economic reform is necessary, but has difficulty gathering the political will to enact such reforms.
Published on Nov 13, 2012
Source: CNBC's Worldwide Exchange
Speaking on CNBC's Worldwide Exchange, Carnegie's Michael Pettis noted that he believes China's new leardership understands the urgency of implementing economic reforms. However, he explained that he is only cautiously optimistic that reforms will actually be enforced, given that the groups who have benefitted from China's investment-driven miracle are unwillingly to see adjustments to China's economy.
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.
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