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China should allow its migrant workers to roam free
News, Michael Pettis, Published on 19/12/2017
» Over the past few weeks, people here in Beijing have been riveted by the so-called migrant "clean-out" -- the government's attempt to evict tens of thousands of migrant workers from their homes in the poorer parts of the city. What's not being discussed, however, is how the crackdown could threaten one of the government's other main priorities: managing debt.
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Maybe China shouldn't open up yet
News, Michael Pettis, Published on 28/11/2017
» China needs reform. This has long been the consensus advice from economists and multilateral institutions such as the World Bank, whose recent "China 2030" report argues that Chinese leaders should strengthen the role of markets and liberalise legal, financial and other institutions governing the economy. Their to-do list is virtually gospel by now: free up trade and investment, unshackle the exchange rate and ease capital controls.
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