… Klein and Michael Pettis. Preface to the paperback edition copyright © 2021 by Matthew C.
Klein and Michael Pettis. All rights reserved. This book may not be reproduced, in whole or in …

… In Avoiding the Fall, Michael Pettis offers a fresh look at China’s economic situation and … ,
Pettis offers unique insight. In his cogent analysis of the Chinese economy, Pettis exposes the …

… Michael Pettis argues instead that we are undergoing a critical rebalancing of the world
economies. Debunking popular misconceptions, Pettis … Pettis examines the reasons behind …

This book presents a radically different argument for what has caused, and likely will continue
to cause, the collapse of emerging market economies. Pettis combines the insights of …

The past thirty years have been an extraordinary period in international economic history.
After a very troubled decade in the 1970s, the 1980s saw the developed countries gradually …

Much of the news coverage about the recent meeting in Beijing of the National People’s
Congress has focused on the government’s determination to bring down inflation. An even more …

Without greater global investment or a rise in Chinese domestic consumption, the increasing
US savings rate will have serious repercussions for both the Chinese and American …

EVEN AS US PRESIDENT DONALD TRUMP and Chinese President Xi Jinping announce
and then cancel tariffs in a seemingly endless back-and-forth, it is a mistake to view the …

If consumption is to grow enough as a source of demand to replace investment—in other
words, to force up household income as a share of GDP—Beijing must reverse policies, such …

This article makes three related points. First, for China to upend the dominance of the US
dollar and replace it, even partially, with the renminbi would require major–and probably …