2025-09-24
34 分钟We interview some quite impressive economists here at the FT,
trusted advisors and confidantes to world leaders, governors of powerful central banks,
winners of the Nobel Memorial Prize in Economic Sciences.
But few if any of them can claim the experience of our guest today.
He is not only an influential economic commentator,
he is also the founder of an underground Chinese record label.
Hello and welcome to The Economics Show from The Financial Times.
I'm Martin Sandbu,
the FT's European Economics Commentator and writer of the Free Lunch newsletter on the global economic policy debate.
And with me today is Michael Pettis.
Michael is a senior associate at the Carnegie Endowment.
He is also a long-time professor at Peking University and other top Chinese universities.
He is the author of several books, including most recently, Trade Wars are Class Wars,
How Rising Inequality Distorts the Global Economy and Threatens International Peace.
That's a book written with my former FT colleague Matthew Klein.
Michael, welcome to the show.
Thank you very much.
I would love for us to talk about Chinese macroeconomics, but let's start with Chinese indie rock.
Michael, just tell us about the record label.
The original record label, uh it became the biggest indie label in China and a huge drain on my pocket.