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Irony in China’s trade imbalance debate, Michael Pettis notes

Irony in China’s trade imbalance debate, Michael Pettis notes
China foreign trade imbalances debated

Michael Pettis, economist, professor of finance, nonresident senior fellow, author, macroeconomic analyst at Peking University; Carnegie Endowment for International Peace, highlights commentary from Thorsten Hild on China’s ongoing foreign trade imbalances. The discussion centers around issues such as weak domestic consumption, large export surpluses, and suspicions about the real undervaluation of the Chinese currency.

Pettis draws attention to the irony in how these causes are being debated, pointing to persistent economic challenges facing China’s trade policies.

Pettis previously reported on Chinese banks raising U.S. dollar deposit rates as high as 4 percent in a bid to attract new funds, increasing short-term rates amid heightened competition. He has also commented on opposition—both within Venezuela and from the U.S.—to Chevron gaining a controlling stake in Venezuelan oil development due to political sensitivities. These topics reflect Pettis's ongoing focus on international finance and trade.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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