Michael Pettis
Senior Fellow at Carnegie China. For speaking engagements, please write to chinfinpettis@yahoo.com
- China Daily: A recent report "forecast that Chinese automobile brands will account for 30 percent of the global market by 2030, compared with 21 percent last year." www.chinadaily.com.cn/a/202505/15/...
- 1/2 Reuters: "President Xi Jinping vowed on Tuesday to boost China's footprint in Latin America and the Caribbean with a new $9 billion credit line and fresh infrastructure investment." www.reuters.com/world/china-...
- Interesting Caixin article on how iron ore producers are increasingly shifting to other metals to make up for the expected decline in iron ore demand. www.caixinglobal.com/2025-05-12/i...
- Very good Martin Wolf article on the problem of excess global savings. Wolf is one of the few economists who thinks in global terms and understands the balance of payments. www.ft.com/content/c715...
- Michael McNair on capital controls. I found his comments on reinstating withholding taxes especially interesting. commonplace.org/2025/05/13/o...
- 1/10 There will be a rush to declare yesterday's trade agreement a total success or an abject failure, but its main consequence will be to partially reopen the trade conduits without changing underlying dynamics much. www.caixinglobal.com/2025-05-12/c...
- 1/4 In a new piece published today, I argue that the reasons Keynes and other prominent economists opposed the unfettered flow of international capital are just as valid today as they were when he was alive. commonplace.org/2025/05/12/w...
- 1/9 FT: "China’s exports growth showed resilience in April, defying expectations that the effects of a trade war with the US would start to bite." There's that word "resilience" again. We'll see it a lot this year in reference to China's exports. www.ft.com/content/fd98...
