Podcasts about guanghua school

In 2023, global debt hit a new record high at more than 307 trillion dollars. That led UN Secretary General Antonio Gutteres to warn that more than 3.3 billion people - almost half the world's population - are now living in a country where money spent on debt repayments outstrip that spent on health and education. So what can be done to solve the world's debt issues? On this edition of The Agenda, Juliet Mann speaks to Situmbeko Musokotwane - Minister of Finance of Zambia, Vitor Gaspar, Director of the Fiscal Affairs Department at the IMF and Michael Pettis, Professor of Finance at Peking University's Guanghua School of Management

China's economic troubles continue, prompting the country's central bank today to cut interest rates for the second time in three months. However, the bank unexpectedly kept the five-year rate unchanged. Markets were expecting Beijing to offer more support for the property sector which makes up around 25% of the economy. Joining Julia to discuss is Michael Pettis, professor of finance at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets. To learn more about how CNN protects listener privacy, visit cnn.com/privacy

China may continue to reduce its holdings of United States debt, in a move to diversify its foreign reserve assets and ensure foreign exchange market stability amid the rising de-dollarization trend in international trade, experts said on Wednesday.8月16日，专家们表示，中国可能继续减持美债，以实现外汇储备资产的多元化，并在国际贸易去美元化趋势不断升温的情况下确保外汇市场的稳定。 Their comments came as the latest data from the US Treasury Department showed that as the second-biggest foreign holder of US Treasury securities, China cut its holdings for three consecutive months to $835.4 billion, as of the end of June, down $11.3 billion from May.美国财政部的最新数据显示，作为美国国债的第二大外国持有者，中国已连续三个月减持美国国债，截至6月底，中国持有的美国国债总额为8354亿美元，比5月份减少了113亿美元。 On the contrary, Japan and the United Kingdom—the largest and third-largest foreign holders of US debt, respectively—have both increased their holdings, Japan by $8.8 billion to more than $1.1 trillion and the UK by $11.9 billion to $672.3 billion.相反，分别是美债最大和第三大外国持有者的日本和英国都增持了美债，日本增持88亿美元，达到1.1万亿美元以上，英国增持119亿美元，达到6723亿美元。 "The proportion of US debt in China's foreign exchange reserves is expected to continue decreasing," said Tang Yao, an associate professor of applied economics at Peking University's Guanghua School of Management.北京大学光华管理学院应用经济系副教授唐遥说：“预计美债在中国外汇储备中的比重将继续下降。”This is because China needs to advance diversification in foreign reserves as it pursues diversification in foreign trade, Tang said, adding that Japan and the UK increased their US debt holdings due to the prospect of profits.唐遥认为，这是因为中国在追求对外贸易多元化的同时，需要推进外汇储备的多元化，日本和英国增持美债也是出于获利的考虑。 According to Yang Haiping, a researcher at the Central University of Finance and Economics' Institute of Securities and Futures, de-dollarization is expected to help safeguard international trade and investment if the US continues to abuse the dollar's hegemony status.中央财经大学证券期货研究所研究员杨海平认为，如果美国继续滥用美元霸权地位，去美元化将有助于维护国际贸易和投资。 Ye Yindan, a researcher at the Bank of China Research Institute, attributed China's reduction in US debt holdings partly to faltering global trust in the greenback amid geopolitical tensions including the Russia-Ukraine conflict.中国银行研究院研究员叶银丹认为，中国减持美债的部分原因是，在包括俄乌冲突在内的地缘政治紧张局势下，全球对美元的信任度下降。 "Many countries have been diversifying international portfolios, and it is difficult to determine if Japan and the UK will continue to increase their holdings later," Ye said.叶银丹表示：“许多国家一直在分散国际投资组合，现在还很难判断日本和英国以后是否会继续增持。” However, some experts said that economic conditions are the only reason behind China reducing its US debt holdings. They denied that China's move involved any geopolitical considerations.然而，一些专家表示，经济状况是中国减持美债的唯一原因。他们否认中国此举涉及任何地缘政治考虑。 Zhang Yansheng, chief researcher at the China Center for International Economic Exchanges, said that China's export slowdown in recent months has already influenced its trade surplus, which will likely prompt foreign exchange authorities to take countermeasures.中国国际经济交流中心首席研究员张燕生说，中国最近几个月的出口放缓已经影响到其贸易顺差，这很可能促使外汇管理部门采取反制措施。 Jiang Xianling, executive president of the UIBE & CAITEC International Business Strategy Institute, said that China has been reducing its US debt holdings since the second half of last year as part of broader efforts to maintain stability of the foreign exchange reserve market.UIBE & CAITEC国际商业战略研究所执行所长蒋先玲说，中国自去年下半年以来一直在减持美债，这是为维护外汇储备市场稳定所做的更广泛努力的一部分。 Citing a sluggish external demand and supply challenges due to shutting down of many small businesses and export enterprises during the COVID-19 pandemic, Jiang said that tepid exports will narrow trade surplus this year.蒋先玲以外部需求不振和COVID-19疫情期间许多小企业和出口企业停产造成的供应挑战为由，表示出口不振将缩小今年的贸易顺差。That as well as the expanding US-China interest rate differential and the depreciation of the renminbi are major reasons that China needs to reduce its holdings of US assets, said Jiang, who is also a researcher at the Academy of China Open Economy Studies at the University of International Business and Economics in Beijing.蒋先玲也是对外经贸大学国际经济贸易学院的研究员，她认为，中美利差扩大和人民币贬值是中国需要减持美国资产的主要原因。 Ye, the researcher with the BOC institute, said that China accounts for one-fourth of global foreign exchange reserves, and to well manage such a large-scale reserve, ensuring security, liquidity and appreciation of the reserve assets is the country's key goal as it seeks to advance its financial market opening-up amid external turmoil.中国银行研究院研究员叶银丹表示，中国外汇储备占全球外汇储备的四分之一，要管理好如此大规模的外汇储备，确保储备资产的安全性、流动性和增值性，是中国在外部动荡中推进金融市场对外开放的重要目标。 China is expected to proactively advance diversification in its reserves and make innovations in the management of the reserves, and continue to be a responsible long-term investor, Ye said.她表示，希望中国积极推进外汇储备多元化，创新外汇储备管理方式，继续做负责任的长期投资者。Holding英/ˈhəʊldɪŋ/美/ˈhoʊldɪŋ/n.股份；私有财产Hegemony英/hɪˈdʒeməni;ˈhedʒɪməni/ 美/hɪˈdʒeməniˌˈhedʒɪmoʊni/n.（尤指国家的）霸权

China's zero-Covid policy continues to wreak havoc on the country's economy. Joining Julia to discuss is Michael Pettis, a nonresident senior fellow at the Carnegie Endowment for International Peace. An expert on China's economy, Pettis is professor of finance at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets.To learn more about how CNN protects listener privacy, visit cnn.com/privacy

Michael Pettis, professor of finance at the Guanghua School of Management at Peking University in Beijing and coauthor of Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace, discusses China's growth prospects after the Twentieth National Congress.

Michael Pettis is Professor of Finance at Peking University's Guanghua School of Management. He started his career in banking in 1987 just in time for the tidal wave of emerging market defaults and the birth of the Brady Bond restructurings. He has been a trader, investment banker, and advisor to countries on capital markets strategies all while teaching at Columbia University. Professor Pettis has authored four books (the most recently Trade Wars Are Class Wars (Yale University Press, 2021) with Matthew C. Klein), is a Senior Fellow at the Carnegie Endowment for International Peace, and is a frequent guest on BBC, NPR, Bloomberg Radio, and podcasts. He has written for the Financial Times, Wall Street Journal, and New York Times. A loose confederation of his former students is active in a variety of significant financial positions around the world and refer to themselves as "The Pettis Group." Robert Kowit began a career in investing in 1972, working in International Fixed Income and Foreign Exchange as a Senior Vice President at White Weld, Kidder Peabody, and as a Director of Midland Montagu. Moving to the buy-side in 1990, he was Senior Vice President and Head of International Fixed Income at John Hancock and then at Federated Investors until his retirement. He currently participates on committees of the International Chamber of Commerce and the International Trade and Forfaiting Association on ways to attract more financial investors to trade finance assets. Robert is a contributor to the IMF World Bank Handbook, “Developing Government Bond Markets" and key speaker at the IMF World Bank Annual General Meeting. He is also lead author of the peer-reviewed paper, “Trade Finance as a Financial Asset: Risks and Risk Management For Non-Bank Investors” and most recently a contributor to Trade Wars Are Class Wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

Michael Pettis is Professor of Finance at Peking University's Guanghua School of Management. He started his career in banking in 1987 just in time for the tidal wave of emerging market defaults and the birth of the Brady Bond restructurings. He has been a trader, investment banker, and advisor to countries on capital markets strategies all while teaching at Columbia University. Professor Pettis has authored four books (the most recently Trade Wars Are Class Wars (Yale University Press, 2021) with Matthew C. Klein), is a Senior Fellow at the Carnegie Endowment for International Peace, and is a frequent guest on BBC, NPR, Bloomberg Radio, and podcasts. He has written for the Financial Times, Wall Street Journal, and New York Times. A loose confederation of his former students is active in a variety of significant financial positions around the world and refer to themselves as "The Pettis Group." Robert Kowit began a career in investing in 1972, working in International Fixed Income and Foreign Exchange as a Senior Vice President at White Weld, Kidder Peabody, and as a Director of Midland Montagu. Moving to the buy-side in 1990, he was Senior Vice President and Head of International Fixed Income at John Hancock and then at Federated Investors until his retirement. He currently participates on committees of the International Chamber of Commerce and the International Trade and Forfaiting Association on ways to attract more financial investors to trade finance assets. Robert is a contributor to the IMF World Bank Handbook, “Developing Government Bond Markets" and key speaker at the IMF World Bank Annual General Meeting. He is also lead author of the peer-reviewed paper, “Trade Finance as a Financial Asset: Risks and Risk Management For Non-Bank Investors” and most recently a contributor to Trade Wars Are Class Wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

Michael Pettis is Professor of Finance at Peking University's Guanghua School of Management. He started his career in banking in 1987 just in time for the tidal wave of emerging market defaults and the birth of the Brady Bond restructurings. He has been a trader, investment banker, and advisor to countries on capital markets strategies all while teaching at Columbia University. Professor Pettis has authored four books (the most recently Trade Wars Are Class Wars (Yale University Press, 2021) with Matthew C. Klein), is a Senior Fellow at the Carnegie Endowment for International Peace, and is a frequent guest on BBC, NPR, Bloomberg Radio, and podcasts. He has written for the Financial Times, Wall Street Journal, and New York Times. A loose confederation of his former students is active in a variety of significant financial positions around the world and refer to themselves as "The Pettis Group." Robert Kowit began a career in investing in 1972, working in International Fixed Income and Foreign Exchange as a Senior Vice President at White Weld, Kidder Peabody, and as a Director of Midland Montagu. Moving to the buy-side in 1990, he was Senior Vice President and Head of International Fixed Income at John Hancock and then at Federated Investors until his retirement. He currently participates on committees of the International Chamber of Commerce and the International Trade and Forfaiting Association on ways to attract more financial investors to trade finance assets. Robert is a contributor to the IMF World Bank Handbook, “Developing Government Bond Markets" and key speaker at the IMF World Bank Annual General Meeting. He is also lead author of the peer-reviewed paper, “Trade Finance as a Financial Asset: Risks and Risk Management For Non-Bank Investors” and most recently a contributor to Trade Wars Are Class Wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs

Michael Pettis is Professor of Finance at Peking University's Guanghua School of Management. He started his career in banking in 1987 just in time for the tidal wave of emerging market defaults and the birth of the Brady Bond restructurings. He has been a trader, investment banker, and advisor to countries on capital markets strategies all while teaching at Columbia University. Professor Pettis has authored four books (the most recently Trade Wars Are Class Wars (Yale University Press, 2021) with Matthew C. Klein), is a Senior Fellow at the Carnegie Endowment for International Peace, and is a frequent guest on BBC, NPR, Bloomberg Radio, and podcasts. He has written for the Financial Times, Wall Street Journal, and New York Times. A loose confederation of his former students is active in a variety of significant financial positions around the world and refer to themselves as "The Pettis Group." Robert Kowit began a career in investing in 1972, working in International Fixed Income and Foreign Exchange as a Senior Vice President at White Weld, Kidder Peabody, and as a Director of Midland Montagu. Moving to the buy-side in 1990, he was Senior Vice President and Head of International Fixed Income at John Hancock and then at Federated Investors until his retirement. He currently participates on committees of the International Chamber of Commerce and the International Trade and Forfaiting Association on ways to attract more financial investors to trade finance assets. Robert is a contributor to the IMF World Bank Handbook, “Developing Government Bond Markets" and key speaker at the IMF World Bank Annual General Meeting. He is also lead author of the peer-reviewed paper, “Trade Finance as a Financial Asset: Risks and Risk Management For Non-Bank Investors” and most recently a contributor to Trade Wars Are Class Wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

Michael Pettis is Professor of Finance at Peking University's Guanghua School of Management. He started his career in banking in 1987 just in time for the tidal wave of emerging market defaults and the birth of the Brady Bond restructurings. He has been a trader, investment banker, and advisor to countries on capital markets strategies all while teaching at Columbia University. Professor Pettis has authored four books (the most recently Trade Wars Are Class Wars (Yale University Press, 2021) with Matthew C. Klein), is a Senior Fellow at the Carnegie Endowment for International Peace, and is a frequent guest on BBC, NPR, Bloomberg Radio, and podcasts. He has written for the Financial Times, Wall Street Journal, and New York Times. A loose confederation of his former students is active in a variety of significant financial positions around the world and refer to themselves as "The Pettis Group." Robert Kowit began a career in investing in 1972, working in International Fixed Income and Foreign Exchange as a Senior Vice President at White Weld, Kidder Peabody, and as a Director of Midland Montagu. Moving to the buy-side in 1990, he was Senior Vice President and Head of International Fixed Income at John Hancock and then at Federated Investors until his retirement. He currently participates on committees of the International Chamber of Commerce and the International Trade and Forfaiting Association on ways to attract more financial investors to trade finance assets. Robert is a contributor to the IMF World Bank Handbook, “Developing Government Bond Markets" and key speaker at the IMF World Bank Annual General Meeting. He is also lead author of the peer-reviewed paper, “Trade Finance as a Financial Asset: Risks and Risk Management For Non-Bank Investors” and most recently a contributor to Trade Wars Are Class Wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Michael Pettis is Professor of Finance at Peking University's Guanghua School of Management. He started his career in banking in 1987 just in time for the tidal wave of emerging market defaults and the birth of the Brady Bond restructurings. He has been a trader, investment banker, and advisor to countries on capital markets strategies all while teaching at Columbia University. Professor Pettis has authored four books (the most recently Trade Wars Are Class Wars (Yale University Press, 2021) with Matthew C. Klein), is a Senior Fellow at the Carnegie Endowment for International Peace, and is a frequent guest on BBC, NPR, Bloomberg Radio, and podcasts. He has written for the Financial Times, Wall Street Journal, and New York Times. A loose confederation of his former students is active in a variety of significant financial positions around the world and refer to themselves as "The Pettis Group." Robert Kowit began a career in investing in 1972, working in International Fixed Income and Foreign Exchange as a Senior Vice President at White Weld, Kidder Peabody, and as a Director of Midland Montagu. Moving to the buy-side in 1990, he was Senior Vice President and Head of International Fixed Income at John Hancock and then at Federated Investors until his retirement. He currently participates on committees of the International Chamber of Commerce and the International Trade and Forfaiting Association on ways to attract more financial investors to trade finance assets. Robert is a contributor to the IMF World Bank Handbook, “Developing Government Bond Markets" and key speaker at the IMF World Bank Annual General Meeting. He is also lead author of the peer-reviewed paper, “Trade Finance as a Financial Asset: Risks and Risk Management For Non-Bank Investors” and most recently a contributor to Trade Wars Are Class Wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Michael Pettis, professor of finance at the Guanghua School of Management at Peking University in Beijing, and coauthor, most recently, of Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace, analyzes what President Xi Jinping's new “common prosperity” policies mean for China and the global economy.

Michael Pettis, Finance Professor at Peking University's Guanghua School of Management in conversation with Ian Beattie, NS Partners LinkedIn · YouTube

Michael Pettis, Finance Professor at Peking University's Guanghua School of Management in conversation with Ian Beattie, NS Partners

Professor Jiang Guohua’s Students “Compounding with the Spawners”

Michael Pettis, professor of finance at Peking University's Guanghua School of Management, joins Mark Sobel, US chairman of OMFIF, to discuss China's macroeconomic outlook and the health of its financial system. They cover the future US-China relationship under President Joe Biden, the lasting impact of Donald Trump's trade policies, and Chinese monetary and currency policy. Music: https://www.bensound.com/royalty-free-music

Trade imbalances have long been a sticking point in international economics, most recently between the United States and China. The conversation about persistent trade imbalances tends to take on a moral dimension, whether praising German thrift, criticising American profligacy, or accusing China of nefarious behaviour. In Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace (Yale University Press, 2020), Michael Pettis and Matthew C. Klein explain the source of persistent trade imbalances with this simple thesis: “Rising inequality within countries heightens trade conflicts between them.” Trade surpluses occur when policies serve to transfer wealth and income away from those who would spend more on goods and services and towards the elite, who instead use the income to purchase financial assets. In this interview with Michael Pettis, we discuss the cause of trade imbalances, the situations where they do harm to national economies, and what kinds of policies might resolve them. We also talk about some of the new policies being developed in China, such as the proposed shift to domestic consumption under the new “dual circulation” strategy. Michael Pettis is Professor of Finance in the Guanghua School of Management at Peking University, and an expert of the Chinese financial system. He is also a Senior Fellow at the Carnegie-Tsinghua Center for Global Policy, where you can subscribe to his China Financial Markets newsletter. You can follow him on Twitter at @michaelxpettis. You can find more reviews, excerpts, interviews, and essays at The Asian Review of Books, including its review of Trade Wars are Class Wars. Follow on Facebook or on Twitter at @BookReviewsAsia. Nicholas Gordon is a reviewer for the Asian Review of Books. In his day job, he's a researcher and writer for a think tank in economic and sustainable development. He is also a print and broadcast commentator on local and regional politics. He can be found on Twitter at @nickrigordon. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/asian-review

Michael Pettis is someone who I have followed closely over my career and he is one of the most widely followed China experts in the investor community. He is currently based in Beijing and is Professor of Finance at Guanghua School of Management at Peking University and is the co-author of the recently published book “Trade Wars Are Class Wars”. In this podcast we discuss:  How economists don’t understand debt Understanding when high savings rates work for countries How advanced economies investment needs changed since 1970s How trade surplus countries like China and Germany suppress the household wages and income Why China’s high savings rates will now only lead to higher debt, rather than growth How Spanish workers are harder working than German workers How the US and UK are forced recipients of excess savings Why high debt levels lead to low rates The problem with official Chinese GDP data The importance of the US dollar as reserve currency Why the Chinese yuan will not collapse Recommended books: the works of Kindleberger, Adam Tooze’s The Deluge, Eichengreen’s Golden Fetters, Mark Nelson’s Jumping the Abyss: Marriner S. Eccles and the New Deal, 1933-1940

Michael Pettis (@michaelxpettis), professor of finance at Peking University’s Guanghua School of Management and senior fellow at the Carnegie Endowment for International Peace, joins Sam to discuss his new book, Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace. While "trade wars" are often thought of as countries competing against one another to protect their workers' interests, they are largely conducted on behalf of elites. In this book, Pettis examines how globalization impacts inequality and spurs international conflict, as well as what we can do about it. Become a member at JoinTheMajorityReport.com Check out the Brand New Majority Report Merch Shop https://shop.majorityreportradio.com/ (Merch issues and concerns can be addressed here: majorityreportstore@mirrorimage.com) The AM Quickie is now on YouTube Subscribe to the AM Quickie at https://fans.fm/amquickie Make the AMQ part of your Alexa Flash Briefing too! You can now watch the livestream on Twitch Subscribe to Discourse Blog, a newsletter and website for progressive essays and related fun partly run by AM Quickie writer Jack Crosbie. https://discourseblog.substack.com/ Subscribe to AM Quickie writer Corey Pein’s newsletter at theend.substack.com Check out The Michael Brooks Show at patreon.com/tmbs and Michael Brooks Show on YouTube and the new TMBS website, TMBS.FM Check out The Nomiki Show at patreon.com/thenomikishow Check out Matt’s podcast, Literary Hangover, at Patreon.com/LiteraryHangover, or on iTunes. Check out Jamie’s podcast, The Antifada, at patreon.com/theantifada, on iTunes, or at twitch.tv/theantifada Follow the Majority Report crew on Twitter: @SamSeder @_michaelbrooks @MattLech @jamie_elizabeth @BF1nn

How is the Chinese economy recovering from COVID-19? Can it bounce back more quickly compared with countries that are still in lockdown? We caught up with Michael Pettis, Professor of Management Practice, Guanghua School of Management at Peking University on the state of the Chinese economy and his latest book, co-authored with Matt Klein "Trade Wars are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace."

Prof. Jiang Guohua's Value Investing Course "The Quest for 10-100 Baggers"

Prof. Jiang Guohua's Value Investing Course "Compounding is the 8th Wonder of the World"

May 1, 2019 at Irvine, California Professor Jiang Guohua’s Students “Great Businesses vs. Great Investments”

President Trump has made it clear that he wants to reduce the U.S trade deficit with China. If he follows through on his campaign promises to impose tariffs, how would China react? Is a trade deficit with China necessarily a bad thing for the US? One of the most thought-provoking economists on China, Michael Pettis examines the trade relationship between Washington and Beijing, and explains how the Chinese growth model is facing unique challenges. Michael Pettis is a senior fellow in the Carnegie Asia Program based in Beijing. An expert on China's economy, Pettis is professor of finance at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets. Pettis is also editor of China Financial Markets, which offers monthly insights into the financial and economic dynamics of China and the global economy. Learn more at ChinaFinancialMarkets.org.

Did you know that China is on track to overtake America as the world's biggest economy by 2016? Dr. Longkhai Zhao, Executive Director of the MBA Program at Guanghua School of Management at Peking University, joins the show to discuss why he thinks Guanghua is the best place to learn about China business at this pivotal point in the country's history. We also discuss Guanghua's admissions process, career opportunities for international students in China, and the changing status of the MBA degree in China. Go to http://www.touchmba.com/peking-university-guanghua-mba-admissions-interview for a full breakdown of the program's key advantages and fast facts about admissions, financing, and careers at Peking University's Guanghua School of Management MBA program.

Did you know that China is on track to overtake America as the world's biggest economy by 2016? Dr. Longkhai Zhao, Executive Director of the MBA Program at Guanghua School of Management at Peking University, joins the show to discuss why he thinks Guanghua is the best place to learn about China business at this pivotal point in the country's history. We also discuss Guanghua's admissions process, career opportunities for international students in China, and the changing status of the MBA degree in China. Go to http://www.touchmba.com/peking-university-guanghua-mba-admissions-interview for a full breakdown of the program's key advantages and fast facts about admissions, financing, and careers at Peking University's Guanghua School of Management MBA program.

McAlvany Weekly Commentary About this week's show: Involuntary re-balancing of the world More investment is not the solution for China The Financial Repression “Tax” About the Guest: Michael Pettis is a Senior Associate at the Carnegie Endowment for International Peace and a finance professor at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets. Pettis has worked on Wall […] The post Michael Pettis: Global Cooperation After the Fall appeared first on McAlvany Weekly Commentary.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Richard Sandor, Lecturer in the University of Chicago Law School, presents a lecture titled "Good Derivatives," at the University of Chicago Center in Beijing on May 30, 2012. Sandor speaks on his first-hand experiences in the development of new markets and financial instruments and defends good derivatives as effective elements of the world economy. The event was sponsored by Alumni Education. Sandor is also the Chairman and CEO of Environmental Financial Products LLC and a Distinguished Professor of Environmental Finance at the Guanghua School of Management at Peking University. The event was a collaboration between the Paulson Institute at the University of Chicago and the University's Center in Beijing.

Richard Sandor wants to make it clear that "derivative" is not a dirty word. It's one motivation behind his latest book, "Good Derivatives: A Story of Financial and Environmental Innovation." It's a case that Sandor is well-equipped to make. As a young economist at the Chicago Board of Trade, he helped create interest rate futures-derivatives that revolutionized worldwide finance. Later, he pioneered the use of emissions trading to reduce acid rain and greenhouse gases, creating the Chicago Climate Exchange and affiliated exchanges in Europe and China. At this Milken Institute Forum, Sandor will discuss how financial innovation has been a force for good in the last 40 years and how its vast potential can address environmental, health and social challenges in the next 40 years. "This book represents the work of one of the world's most brilliant, inquisitive, and visionary minds," according to Clayton Yeutter, former USDA secretary and U.S. trade representative. "Richard Sandor knows this subject as an economist, a trader, an executive, an entrepreneur, but most of all, as a teacher. No one else in the world could have written this book." Sandor is chairman and CEO of Environmental Financial Products LLC, which specializes in inventing, designing, and developing new financial markets with a special emphasis on investment advisory services. EFP was established in 1998 and was the predecessor company and incubator to the Chicago Climate Exchange (CCX), the European Climate Exchange (ECX), and the Chicago Climate Futures Exchange (CCFE). Sandor was honored by the city of Chicago for his contributions, and he was one of Time's "Heroes of the Environment" in 2007. A Milken Institute senior fellow, Sandor is a Distinguished Professor of Environmental Finance at Guanghua School of Management at Peking University and a lecturer at the University of Chicago Law School.

Christoph Burger is a member of the faculty at ESMT and managing director of ESMT Customized Solutions GmbH. He studied business administration and economics at the University of Saarbrücken (Germany), the Hochschule St. Gallen (Switzerland), and the University of Michigan, Ann Arbor (USA). Christoph has taught microeconomics at the University of Ann Arbor, was project leader at Otto Versand, worked as a strategy consultant at Arthur D. Little and as an independent consultant, and was vice president at the Bertelsmann Buch AG. Christoph has professional experience in strategy, post-merger integration, equity financing as well as customer and supplier management. He has solid international experience, spanning Northern and Eastern Europe and the United States. At ESMT, Christoph directs and teaches in the open enrollment programs Decision Making and Entscheidungs-/ Verhandlunsgtechniken as well as in customized executive programs for clients such as BDI, Deutsche Lufthansa, E.ON, European Business Congress, and T-Systems. He has previously taught in the MBA program of Guanghua School of Management of Peking University and the EMBA and CEO program of CKGSB. He also runs discussion forums such as the Climate Lunch series together with BDI, WWF.