michael pettis

Does China Have Enough Reserves to Defend Its Currency?

Shorting the Chinese currency is the most popular trade among hedge funds in 2016. As one trader in New York puts it: "Everybody is betting on a devaluation of the ...

February 25, 2016BY Valentin Schmid
China Rebalancing Could Take 25 Years Says Peking University Professor

Exports, manufacturing, and investment in China are slowing down. So everyone who still believes the Chinese growth story ...

December 4, 2015BY Valentin Schmid

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