Michael Pettis
@michaelpettis.bsky.social
📤 13219
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Senior Fellow at Carnegie China. For speaking engagements, please write to
[email protected]
Caixin: "Beijing, Shanghai, Guangzhou, and Shenzhen accounted for 45.5% of sales in 2026 ytd. This is a significant shift from three years ago, when they contributed just 28% of sales. Meanwhile, the broader housing market is still searching for a bottom."
www.caixinglobal.com/2026-07-03/t...
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Top-Tier Cities Overtake Regional Hubs to Drive China Property Sales
Sales and land investments are increasingly concentrated in Beijing, Shanghai, Guangzhou, and Shenzhen as the broader real estate market struggles to find a bottom
https://www.caixinglobal.com/2026-07-03/top-tier-cities-overtake-regional-hubs-as-biggest-sales-source-for-chinese-developers-102460140.html?rkey=pAgjKe3ecjLgzOlntW1lHvFL%2FE7ci4pKEpkW%2FwYkOSFDFHwEhJplsA%3D%3D&cxg=web&Sfrom=twitter
1 day ago
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Xinhua: "China has extended a raft of unemployment insurance policies through the end of 2026 to help businesses retain jobs, encourage the hiring of young workers, and upgrade workforce skills."
en.people.cn/n3/2026/0703...
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China extends unemployment insurance policies to stabilize employment - People's Daily Online
BEIJING, July 2 (Xinhua) -- China has extended a raft of unemployment insurance policies through the
https://en.people.cn/n3/2026/0703/c90000-20473933.html
1 day ago
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This is pretty funny. According to the WSJ, Guo Wengui’s lawyer said "that instead of using homes, cars and a yacht as personal luxuries, as the government alleged, they were “props” for branding to show possibilities to the people of China."
www.wsj.com/us-news/law/...
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Guo Wengui, China Critic and Tycoon, Sentenced to 30 Years for Fraud
After conviction in a U.S. court, the Trump administration faces calls to pardon or deport the Beijing gadfly who built a devoted following.
https://www.wsj.com/us-news/law/guo-wengui-china-critic-and-tycoon-sentenced-to-30-years-for-fraud-f9877440?st=vnNqZu
1 day ago
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1/3 Bloomberg: Since Bretton Woods cemented the global dominance of the dollar in 1944, "Americans and the world have been arguing about it. Some US analysts worry about losing that status; a few think it’s not worth all the trouble. Plenty of non-Americans...
www.bloomberg.com/news/article...
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The US Is Relearning an Old Lesson About Dollar Dominance
The question lurking beneath a recent wave of books about the dollar isn’t financial. It’s whether America’s dominance can outlast its politics.
https://www.bloomberg.com/news/articles/2026-07-02/can-the-us-dollar-remain-the-world-s-reserve-currency?utm_source=website&utm_medium=share&utm_campaign=twitter
1 day ago
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Bloomberg: "Officials in Brussels and several member states are skeptical that the European Union has the political will or guts to take decisive trade action on China, should current diplomatic efforts fail."
www.bloomberg.com/news/newslet...
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EU Struggles to Find Consensus to Confront China on Trade
Leaders across Europe can’t agree on how tough to get with Beijing on trade
https://www.bloomberg.com/news/newsletters/2026-07-02/eu-trade-talks-with-china?srnd=phx-economics-v2https://www.bloomberg.com/news/newsletters/2026-07-02/eu-trade-talks-with-china?utm_source=website&utm_medium=share&utm_campaign=twitter
1 day ago
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Debate on the Plaza Accord:
x.com/michaelxpett...
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Michael Pettis (@michaelxpettis) on X
This version of story confuses several things. The Plaza Accord did not "break" Japan's development model. That model was already broken once very high investment rates no longer corresponded to the n...
https://x.com/michaelxpettis/status/2072569325752406416
2 days ago
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SCMP: "Reindustrialising “is far more difficult than it was 30 years ago”, said Jean-Herve Lorenzi, president of Le Cercle des economistes. “If we had each defended our own countries’ interests more back then, it would have worked out better.”"
sc.mp/9k44s?utm_so...
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‘World without bearings’: Lorenzi sees economic conflict and unplottable fixes
Prominent French economist warns that Europe must reach strategic pact with Beijing and enact structural reforms as global order enters volatile era.
https://sc.mp/9k44s?utm_source=twitter&utm_campaign=3359031&utm_medium=share_widget
2 days ago
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Caixin: "China’s auto exports are expected to approach 10 million vehicles in 2026, up from 7.1 million in 2025. The surge highlights a strategic shift among Chinese automakers, which are accelerating overseas expansion as growth in the domestic market slows."
www.caixinglobal.com/2026-07-02/c...
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China Auto Exports Expected to Near 10 Million in 2026 Amid Overseas Push
Chinese automakers are accelerating overseas expansion as domestic growth slows, with Europe becoming a key battleground for exports and localized production
https://www.caixinglobal.com/2026-07-02/china-auto-exports-expected-to-near-10-million-in-2026-amid-overseas-push-102459840.html?cxg=web&Sfrom=twitter
2 days ago
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Zhao Wei: "Since April, Chinese export prices have surged, taking the baton from volume as the primary growth engine. Rising prices are a symptom of robust external demand, not a deterrent, and they reveal a profound structural shift in global trade."
www.caixinglobal.com/2026-07-02/c...
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Commentary: China’s Export Price Surge Is a Sign of Strength
Higher prices are not pricing China out of global markets. They reflect strong demand for AI and energy-transition goods that will keep exports resilient
https://www.caixinglobal.com/2026-07-02/commentary-chinas-export-price-surge-is-a-sign-of-strength-102459925.html?cxg=web&Sfrom=twitter
2 days ago
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Caixin: "The Caixin BBD New Economy Index came in at 34.1, up 1.7 points from the previous month. That indicates new economy industries accounted for 34.1% of China’s overall economic inputs."
www.caixinglobal.com/2026-07-02/c...
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China’s New Economy Gauge Jumps
High value-added industries accounted for 34.1% of total economic inputs in June, a Caixin index shows
https://www.caixinglobal.com/2026-07-02/chinas-new-economy-gauge-jumps-102459930.html?cxg=web&Sfrom=twitter
2 days ago
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Yicai: "The falling birth rate has already begun to reshape China's education system. The number of elementary school students likely peaked in 2023, while the ranks of junior high school pupils is expected to peak this year."
www.yicaiglobal.com/news/china-v...
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China to Expand Free Schooling, Weigh Lengthening Compulsory Education by 2030
https://www.yicaiglobal.com/news/china-vows-to-build-high-quality-education-system-by-2030
2 days ago
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Yicai: The 10 most sought-after majors this year were electrical engineering and automation, AI, electronic information engineering, computer science and technology, communication engineering, law, economics, psychology, biopharmaceuticals, and digital media.
www.yicaiglobal.com/news/seven-o...
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China’s Most Sought-After College Degrees Are in Science and Engineering, Baidu's Big Data Shows
https://www.yicaiglobal.com/news/seven-of-chinas-top-10-college-majors-this-year-are-science-and-engineering-majors
2 days ago
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Xinhua: "Service exports rose 15.9% to 1.23 trillion yuan in the first five months of 2026, while imports edged up 0.4% to 1.87 trillion yuan. The service trade deficit narrowed by 160.72 billion yuan from one year earlier to 638.56 billion yuan."
english.news.cn/20260701/884...
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China's service trade up 6 percent in first five months
https://english.news.cn/20260701/8848799281d841a3b53b4e3ba35e2323/c.html
2 days ago
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Nice, short NPR piece on the culture of China's Dongbei region, which some in China compare to the American rustbelt.
www.npr.org/2026/06/27/n...
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In China, the Dongbei region's cultural renaissance is a nationwide phenomenon
In China, the northeast Dongbei region looms large. Once a gritty, industrial hub, now this rust belt area is the source of music, literature, comedy and culture that have gained wide popularity.
https://www.npr.org/2026/06/27/nx-s1-5713637/in-china-the-dongbei-regions-cultural-renaissance-is-a-nationwide-phenomenon
3 days ago
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1/9 A very good Adam Tooze explanation of the current state of debate on Chinese imbalances. He is right, by the way, when he dismisses sectoral explanations (I call them “incremental” explanations) for the surge in overall imbalances by noting that...
open.substack.com/pub/adamtooz...
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Chartbook 454: China shock 2.0 and mercantilist-on-mercantilist violence.
At Premier Lǐ Qiáng addressed the plenary opening of “Summer Davos” in Dalian China last week, something unusual happened.
https://open.substack.com/pub/adamtooze/p/chartbook-454-china-shock-20-and?r=12ygf&utm_campaign=post-expanded-share&utm_medium=web
3 days ago
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Bloomberg: "China’s manufacturing sector capped its strongest quarter in almost six years, a private gauge suggests, even as growth eased slightly in June and the underlying economy remains fragile."
www.bloomberg.com/news/article...
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China Factory Activity Grows Less Than Expected, Survey Shows
China’s manufacturing sector capped its strongest quarter in almost six years, a private gauge suggests, even as growth eased slightly in June and the underlying economy remains fragile.
https://www.bloomberg.com/news/articles/2026-07-01/china-factory-activity-grows-less-than-expected-survey-shows?utm_source=website&utm_medium=share&utm_campaign=twitter
3 days ago
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Caixin: "The disappearance of a regional bank chairman in southwestern China is casting a renewed spotlight on the governance failures and bad debt risks plaguing the country’s smaller lenders."
www.caixinglobal.com/2026-06-30/m...
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Missing Chairman Highlights Hidden Risks at Rescued Chinese Bank
The disappearance of Tianfu Bank’s chief underscores the bad debt burden inherited by its state owners
https://www.caixinglobal.com/2026-06-30/missing-chairman-highlights-hidden-risks-at-rescued-chinese-bank-102459344.html?cxg=web&Sfrom=twitter
3 days ago
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Caixin: "France’s Senate passed a bill on Monday aimed at curbing ultra-fast fashion, targeting platforms such as Shein, Temu and AliExpress with per-item penalties and advertising restrictions."
www.caixinglobal.com/2026-07-01/f...
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France Passes Fast-Fashion Bill Targeting Shein, Temu
The bill would impose per-item penalties on ultra-fast fashion sellers, ban advertising and require environmental disclosures, though parts of the measure may face EU legal scrutiny
https://www.caixinglobal.com/2026-07-01/france-passes-fast-fashion-bill-targeting-shein-temu-102459479.html?cxg=web&Sfrom=twitter
3 days ago
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1/7 Very interesting Caixin article on private-equity financing in China. According to a fund manger cited in the article, "state-backed investors have become the main source of capital for China’s private equity industry in recent years."
www.caixinglobal.com/2026-06-30/i...
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In Depth: Dreame Controversy Shines Spotlight on China’s State-Backed Funding Model
The hype around the robot-vacuum maker’s ambitious expansion plans has focused attention on the nearly 20 billion yuan in investment funds backed by local governments
https://www.caixinglobal.com/2026-06-30/in-depth-dreame-controversy-shines-spotlight-on-chinas-state-backed-funding-model-102459395.html?cxg=web&Sfrom=twitter
3 days ago
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Bloomberg: "The National Development and Reform Commission has asked select Chinese bankers in recent weeks to avoid underwriting any offshore yuan notes yielding more than 4% and any dollar securities yielding more than 5%."
www.bloomberg.com/news/article...
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China Clamps Down on Issuance of Higher-Yielding Offshore Debt
Chinese authorities are discouraging firms from raising money offshore at higher yields, in the latest step to clamp down on risks among municipal borrowers shouldering more than $100 billion of overs...
https://www.bloomberg.com/news/articles/2026-06-30/china-clamps-down-on-issuance-of-higher-yielding-offshore-debt
4 days ago
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Interesting FT article about the relaxed life in China's "ghost" cities.
www.ft.com/content/510b...
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The young Chinese choosing life in ‘ghost cities’
Urban castaways are making homes in half-empty towers left over from the world’s biggest housing boom
https://www.ft.com/content/510b7c6c-04b4-4ba0-a6bb-5208de76572e
4 days ago
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WSJ: "U.S. margin debt rose 54% to a record $1.4 trillion in May from a year earlier." It's not as if we don't know how this works: it's self-reinforcing on the way up and even more self-reinforcing on the way down.
www.wsj.com/finance/stoc...
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The Trillion-Dollar Borrowing Binge Lifting the Stock Market to Risky Heights
Leveraged funds and margin debt have grown to unprecedented levels this year.
https://www.wsj.com/finance/stocks/the-trillion-dollar-borrowing-binge-lifting-the-stock-market-to-risky-heights-8d0377f9?st=zr9uWR
5 days ago
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Interesting WSJ article on the growing role of USTR Jamieson Greer.
www.wsj.com/economy/trad...
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How Jamieson Greer Took Over Trump’s Trade Agenda
The U.S. trade representative is rebuilding Trump’s global tariffs after the Supreme Court ruled that most of the earlier levies were illegal.
https://www.wsj.com/economy/trade/trump-tariffs-trade-jamieson-greer-27459a88?st=sqEtYt
5 days ago
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Yicai: "Total trade in the Yangtze River Delta (Shanghai, Jiangsu, Zhejiang and Anhui) soared 16% in the five months ended May 31, with exports reaching CNY4.9 trillion and imports CNY2.9 trillion. The region accounts for 38% of the country’s total foreign trade."
www.yicaiglobal.com/news/chinas-...
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China’s AI Boom Powers Yangtze River Delta Trade to Record High in First Five Months
https://www.yicaiglobal.com/news/chinas-ai-boom-powers-yangtze-river-delta-trade-to-record-high-in-first-five-months
5 days ago
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1/2 NYT: "President Trump threatened to scrap a just-finalized trade deal with the European Union on Friday, saying that any country that levies a digital services tax would be hit immediately with a 100 percent tariff on all exports to the United States."
www.nytimes.com/2026/06/26/b...
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Trump Threatens to Impose 100% Tariff on European Countries Over Tech Taxes
https://www.nytimes.com/2026/06/26/business/economy/trump-tariffs-europe.html?unlocked_article_code=1.tlA.FTBn.UbOz3SxTFPai&smid=tw-share
6 days ago
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1/2 FT: "The world economy is at risk from the “tit-for-tat” economic warfare breaking out between nations, the IMF’s outgoing chief economist has warned." What many in the IMF have trouble understanding, and what Joan Robinson explained in 1937, is that trade...
www.ft.com/content/8199...
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‘Tit-for-tat’ trade warfare threatens global economy, says IMF chief economist
Pierre-Olivier Gourinchas, who is leaving the fund, warns attempts to gain small advantages will be ‘self-defeating’
https://www.ft.com/content/8199cd6d-e513-4c9a-9beb-8a7acd2b65dc
6 days ago
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1/2 Bloomberg: "A handful of former and current advisers urged authorities to correct the imbalance between strong production and weak demand, at an event held on Saturday."
www.bloomberg.com/news/article...
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China Government Advisers Call for Fix to Two-Speed Economy
Several advisers to the Chinese government are calling on officials to fix the growing divergence within the economy as artificial intelligence pushes high-tech sectors to outperform, while domestic c...
https://www.bloomberg.com/news/articles/2026-06-27/china-government-advisers-call-for-fix-to-two-speed-economy?utm_source=website&utm_medium=share&utm_campaign=twitter
6 days ago
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1/12 WSJ: "Germany’s famously open economy was its greatest economic asset, delivering almost 20 years of uninterrupted growth and turning it into one of the biggest winners of globalization." I think I would have framed this differently.
www.wsj.com/world/europe...
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The Openness That Powered Germany’s Economy Is Now Its Biggest Weakness
The country that once led the world in exports has been stuck in neutral since before the Covid-19 pandemic.
https://www.wsj.com/world/europe/the-openness-that-powered-germanys-economy-is-now-its-biggest-weakness-33918619?st=abSvxQ
6 days ago
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Caixin: "Artificial intelligence is reshaping the global labor market not by triggering mass layoffs of existing workers but by causing employers to pull back on hirings for new, entry-level positions, according to a Peking University researcher."
www.caixinglobal.com/2026-06-26/a...
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AI Is Freezing Entry-Level Hiring More Than Cutting Jobs, Peking University Researcher Says
Companies are keeping existing staff while slowing recruitment as the technology takes over routine tasks, hurting young job hunters and accelerating a push toward flatter management
https://www.caixinglobal.com/2026-06-26/ai-is-freezing-entry-level-hiring-more-than-cutting-jobs-peking-university-researcher-says-102457992.html?rkey=pAgjKe3ecjLgzOlntW1lHvFL%2FE7ci4pKDFFapps0xOvI2bnGhqTyIQ%3D%3D&cxg=web&Sfrom=twitter
6 days ago
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SCMP: "A record 156 new models are expected to hit the Chinese automotive market in the second half of 2026, intensifying concerns about small players’ profitability as a new price war looms." Hard to believe that a banking system would willingly fund this much capacity.
sc.mp/jocqi?utm_so...
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How 156 new car models could trigger a ‘do-or-die’ crisis in China’s EV market
A record wave of launches – mostly EVs – threatens to overwhelm demand, forcing smaller players into a fight for survival.
https://sc.mp/jocqi?utm_source=twitter&utm_campaign=3358193&utm_medium=share_widget
6 days ago
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People's Daily: China accounts more than 50 percent of worldwide air conditioner production.
en.people.cn/n3/2026/0627...
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Europe's heatwave crisis meets China's 'AC freedom' - People's Daily Online
Europe has been gripped by an intense June heatwave. Temperatures in France, Germany, Spain, and ot
https://en.people.cn/n3/2026/0627/c90000-20471830.html
6 days ago
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Xinhua: "China's outstanding external debt came in at $2.4121 trillion at the end of March 2026, up $83.3 billion, or 4%, from the end of 2025." With at least $5-6 billion held by the PBoC, the CIC and state banks, China's external debt is very manageable.
english.news.cn/20260626/691...
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China reports generally stable external debt
https://english.news.cn/20260626/6912bdcfa86e4ed482673e4186add116/c.html
6 days ago
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Very interesting Benn Steil essay on the maintenance of a global, rules-based order.
www.cfr.org/articles/dra...
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Why Rules-Based Orders Fail | Council on Foreign Relations
For a brief period after the Cold War, Americans persuaded themselves that the liberal order had become self-sustaining. And yet, any rules-based system elaborate enough to govern and interpret its ow...
https://www.cfr.org/articles/draft?preview=NDExNzk0OjQxMTc5NDpkcmFmdDpiYzZjYzFiZTY3NDVkNGFiYjQxNjA3NzM0OTlmZGZmZDAyYjE5NzJhYzhkMTNjODcyMTJjZDBhMjI4NjAyNjNj&draft=ba04c0ac52c39eb0e115ff7253fd
7 days ago
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reposted by
Michael Pettis
Wessel van Rensburg
8 days ago
Michael Pettis's elegant theory as to why we are seeing the return of industrial policy worldwide - thread.
add a skeleton here at some point
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A thoughful Caixin orbituary for Alan Greenspan, whose death "is an elegy for an era defined by a headlong embrace of globalization."
www.caixinglobal.com/2026-06-26/c...
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Commentary: Alan Greenspan and the End of Globalization’s Age of Faith
The late Federal Reserve chairman presided over an era of unbridled optimism, but his blind spots regarding systemic risk left enduring challenges for central bankers in both the U.S. and China
https://www.caixinglobal.com/2026-06-26/commentary-alan-greenspan-and-the-end-of-globalizations-age-of-faith-102457691.html?rkey=pAgjKe3ecjLgzOlntW1lHvFL%2FE7ci4pKDFFapps0xOtJy1ZMeTEulg%3D%3D&cxg=web&Sfrom=twitter
8 days ago
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1/ Interesting short essay by Cornell's Nicholas Mulder on "nationalization waves" in recent history. He describes some of the reasons for these waves, but I would add another. In a highly globalized world in which some countries intervene heavily in their domestic...
www.imf.org/en/publicati...
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The New Wave of Nationalization
Historical patterns reveal why state ownership is expanding again and how this time is different
https://www.imf.org/en/publications/fandd/issues/2026/06/the-new-wave-of-nationalization-nicholas-mulder
8 days ago
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Very cool WSJ article about the math geek in goal for the US team.
www.wsj.com/sports/socce...
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The Harvard Data Nerd Defending America’s Goal at the World Cup
Matt Freese, who holds an Ivy League economics degree, came out of practically nowhere to secure the job as the U.S. national team’s starting goalkeeper—and his analytical approach has been integral t...
https://www.wsj.com/sports/soccer/matt-freese-goalkeeper-usa-world-cup-495d3f0a?st=MYEs9C&reflink=desktopwebshare_permalink
9 days ago
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Bloomberg: "China called for global measures to curb what it described as “malicious litigation” by bondholders in debt relief cases, saying such action is needed to protect a Group of 20 restructuring mechanism for poor countries struggling to repay their loans."
www.bloomberg.com/news/article...
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China Wants ‘Malicious’ Bondholders Curbed in Poor-Nation Relief
China called for global measures to curb what it described as “malicious litigation” by bondholders in debt relief cases, saying such action is needed to protect a Group of 20 restructuring mechanism ...
https://www.bloomberg.com/news/articles/2026-06-25/china-wants-malicious-bondholders-curbed-in-poor-nation-relief?utm_source=website&utm_medium=share&utm_campaign=twitter
9 days ago
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1/2 Caixin: "As Brussels raises tariffs on Chinese EVs and tightens scrutiny of Chinese investment, China’s automakers and clean energy companies are increasingly converging on Spain, turning the country into...
www.caixinglobal.com/2026-06-18/a...
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Analysis: Spain Emerges as Chinese EV-Makers’ Gateway to Europe
From legacy names such as SAIC Motor to electric vehicle giant BYD, carmakers are localizing production in the western European nation as they navigate a more protectionist environment
https://www.caixinglobal.com/2026-06-18/analysis-spain-emerges-as-chinese-ev-makers-gateway-to-europe-102455550.html?cxg=web&Sfrom=twitter
9 days ago
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1/12 Financial Times: "Beijing now sees AI-enabled machines as a way out of the demographic trap. Last year the country installed more industrial robots than the rest of the world put together." This very interesting FT article claims that because its...
www.ft.com/content/c873...
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Robot nation: China’s bid to beat its demographic decline
The country’s workforce is set to fall to 300mn by the end of the century. Beijing wants humanoids to narrow the labour gap
https://www.ft.com/content/c8731833-10ca-4a12-bfe4-8ebb2584ec68
9 days ago
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Good piece by Yasheng Huang, who makes the same point that I often do: China's massive trade surplus reflects competitive (or absolute) advantage, not comparative advantage, and this is based mainly on its relatively low labor share of output.
yashenghuang.substack.com/p/china-as-a...
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China as an absolute advantage economy
The puzzle is not why China exports cars but why it is still exporting t-shirts
https://yashenghuang.substack.com/p/china-as-an-absolute-advantage-economy
9 days ago
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Yicai: "Beijing has wrapped up land auctions for the first half of this year, with the city's market remaining mired in a downturn after sales tumbled 66% from a year earlier. The average price fell 35% while the planned construction area almost halved."
www.yicaiglobal.com/news/beijing...
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Beijing's First-Half Land Sales Plunge 66%
https://www.yicaiglobal.com/news/beijings-first-half-land-sales-plunge-66
10 days ago
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1/5 In an interesting article on how local governments in China have used deceptive tactics to mask billions of yuan in hidden debt, Caixin writes that the country's top auditing office "said authorities in multiple provinces artificially reduced their hidden...
www.caixinglobal.com/2026-06-24/c...
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China Auditor Exposes Local Governments Faking Debt Cleanups
Some regions artificially reduced balances by simply deleting records from the debt management system, the country’s top auditor says
https://www.caixinglobal.com/2026-06-24/china-auditor-exposes-local-governments-faking-debt-cleanups-102457036.html?cxg=web&Sfrom=twitter
10 days ago
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FT: "Venezuela is set to reveal a much higher than expected debt pile of $240 bn, as the country embarks on the biggest sovereign restructuring in history in a bid to return to international markets." This promises to be a fascinating (and very difficult) exercise.
www.ft.com/content/f1f7...
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FirstFT: Venezuela to initiate world’s largest sovereign restructuring
Also in today’s newsletter, Hegseth forces out top US army officer in Europe and Colombian president-elect’s inspirations
https://www.ft.com/content/f1f74404-2663-486b-a0bb-1351d67d8c17
10 days ago
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For French readers. Thanks, Martin.
add a skeleton here at some point
10 days ago
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1/2 FT: "China’s premier Li Qiang attributed his country’s competitiveness to technological innovation as he dismissed international complaints over state subsidies. “The key to the competitiveness of Chinese products is not, as some people claim, that it relies on...
www.ft.com/content/ecf2...
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China’s premier says competitiveness not down to subsidies
Li Qiang dismisses trading partners’ complaints at World Economic Forum’s ‘Summer Davos’
https://www.ft.com/content/ecf29df6-6838-4046-80a6-8cb676cfad91?syn-25a6b1a6=1
10 days ago
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1/2 FT: "Pimco views China’s role as a global source of disinflation as a structural trend. While higher energy prices due to the Iran war have recently pushed up producer prices, the firm expects Beijing to continue prioritizing manufacturing and...
www.bloomberg.com/news/article...
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Pimco Sees China’s Export Glut Boosting Emerging-Market Bonds
China’s flood of cheap exports is bolstering the case for emerging-market bonds by helping to keep inflation under control across the developing world, according to Pacific Investment Management Co.
https://www.bloomberg.com/news/articles/2026-06-24/pimco-sees-china-s-export-glut-boosting-emerging-market-bonds
10 days ago
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FT: "On Monday, Democratic Senators Elizabeth Warren and Mark Kelly wrote to senior Trump administration officials demanding an explanation for the country’s growing trade deficit on manufactured goods."
www.ft.com/content/fbee...
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US manufacturing jobs fall at fastest rate since the pandemic
Survey finds company executives are struggling with rising costs and shifting policy
https://www.ft.com/content/fbee05c0-03bb-4907-9390-ef56155a4579
10 days ago
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Xinhua: "China on Tuesday rolled out a package of new measures aimed at expanding automobile consumption across the industrial chain, with a particular focus on reforms in auto circulation and steps to boost the auto aftermarket."
en.people.cn/n3/2026/0623...
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China unveils measures to boost auto consumption - People's Daily Online
BEIJING, June 23 (Xinhua) -- China on Tuesday rolled out a package of new measures aimed at expandin
https://en.people.cn/n3/2026/0623/c90000-20470032.html
10 days ago
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1/ Global Times on a new "Plaza Accord": "China will not accept using exchange rates as a pretext for oppression, nor will it return to the old era of great powers coordinating the fate of a few countries."
www.globaltimes.cn/page/202606/...
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https://www.globaltimes.cn/page/202606/1364067.shtml
11 days ago
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