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
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.
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
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.
- Is China’s High-Quality Investment Output Economically Viable?Commentary
- What GDP Means in a Soft Budget Economy Like ChinaCommentary
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 Endowment for International Peace
- Why Korea’s President Skipped Washington for Silicon Valley and BrasíliaCommentary
Lee’s tour shows how Seoul is reorganizing its diplomacy away from Pyongyang and toward industrial networks and the geography of the compute economy.
Darcie Draudt-Véjares
- The Migration Wave That Embarrassed Morocco and Rattled EuropeCommentary
Most migrants may have left Ceuta, but the effects may linger.
Alejandro Martin Rodriguez, Sarah Yerkes
- Five Years After His Power Grab, Tunisia’s President Has Only Achieved FailureCommentary
Saied’s main accomplishment has been to destroy a decade’s worth of democratic progress.
Sarah Yerkes
- The Drone Attack on Egypt and the Widening Middle East WarCommentary
The targeting of Damietta Port appears to be more than a mere security message.
Amr Hamzawy
- The Channels of China’s Currency Promotion in Gulf MarketsCommentary
Is the Gulf moving beyond the dollar? This article examines how China is expanding the renminbi's role across Gulf markets, what that means for regional finance, and why the future of global currencies is more complex than the de-dollarization debate suggests.
Andrew Bonney