Commentary
Michael Pettis
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Source: Getty
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.
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.
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.
- Is China’s High-Quality Investment Output Economically Viable?
- 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.
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