Michael Pettis on Muck Rack

Michael Pettis

Beijing
As seen in: CNN, Bloomberg News, Bloomberg Opinion, Business Insider, Financial Times, La Vanguardia, The Wall Street Journal, Fortune, Nikkei Asia, South China Morning Post and
Senior Fellow, Carnegie Endowment. For speaking engagements, please contact me at chinfinpettis@yahoo.com
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Articles

McKinsey confuses efficiency and competitiveness

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By Michael Pettis
| Substack
There is, as always, a lot of good material and many interesting ideas in a new report by the McKinsey Global Institute called “Catalyzing competitiveness: Where investment happens and why”.
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Is technology or transfers the bigger cause of trade imbalances?

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By Michael Pettis
| Substack
According to a recent article in the Financial Times, The Chinese government believes that China’s manufacturing competitiveness and its trade surplus have to do with the domestic efficiency of its technologically advanced manufacturing sector, and not with subsidies. China’s premier Li Qiang attributed his country’s competitiveness to technological innovation at a World Economic Forum conference as he dismissed international complaints over state subsidies.
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Whose Government Should Intervene?

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By Michael Pettis
| Substack
The Financial Times warns in a June 18 editorial that while Europe and the US are increasingly turning to industrial policy to protect important industries from highly interventionist industrial policies in China, they should nonetheless be wary of allowing government to play too important a role in driving the economy: For the past decade, western governments have wrestled with how to respond to the threat of cheap Chinese imports.
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