Commentary
Michael Pettis
{
"authors": [
"Michael Pettis"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "asia",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "AP",
"programs": [
"Asia"
],
"projects": [],
"regions": [
"East Asia",
"China"
],
"topics": [
"Economy"
]
}
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.
- What GDP Means in a Soft Budget Economy Like China
- What’s New about Involution?Commentary
Michael Pettis
Recent Work
More Work from Carnegie Russia Eurasia Center
- Russia’s Coal Industry Is Running on Borrowed TimeCommentary
Powerful lobbyists and inertia led to Russia’s coal-mining sector missing an excellent opportunity to solve its structural problems.
Alexey Gusev
- Why Are China and Russia Not Rushing to Help Iran?Commentary
Most of Moscow’s military resources are tied up in Ukraine, while Beijing’s foreign policy prioritizes economic ties and avoids direct conflict.
Alexander Gabuev, Temur Umarov
- How Trump’s Wars Are Boosting Russian Oil ExportsCommentary
The interventions in Iran and Venezuela are in keeping with Trump’s strategy of containing China, but also strengthen Russia’s position.
Mikhail Korostikov
- Does Russia Have Enough Soldiers to Keep Waging War Against Ukraine?Commentary
The Russian army is not currently struggling to recruit new contract soldiers, though the number of people willing to go to war for money is dwindling.
Dmitry Kuznets
- Japan’s “Militarist Turn” and What It Means for RussiaCommentary
For a real example of political forces engaged in the militarization of society, the Russian leadership might consider looking closer to home.
James D.J. Brown
