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Michael Pettis is a nonresident 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 worked on Wall Street in trading, capital markets, and corporate finance since 1987, when he joined the sovereign debt trading team at Manufacturers Hanover (now JPMorgan). Most recently, from 1996 to 2001, Pettis worked at Bear Stearns, where he was managing director principal heading the Latin American capital markets and the liability management groups. He has also worked as a partner in a merchant-banking boutique that specialized in securitizing Latin American assets and at Credit Suisse First Boston, where he headed the emerging markets trading team.

In addition to trading and capital markets, Pettis has been involved in sovereign advisory work, including for the Mexican government on the privatization of its banking system, the Republic of Macedonia on the restructuring of its international bank debt, and the South Korean Ministry of Finance on the restructuring of the country’s commercial bank debt.

He is the author of several books, including The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy (Princeton University Press, 2013).

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Anne Stevenson-Yang co-founded J Capital Research in late 2007 and is J Capital’s Research Director. Her coverage areas include solar, Internet, medical devices, property, some consumer and direct-sales names, and China’s macro-economy. Stevenson-Yang was co-founder of a group of Online Media Businesses called Blue Bamboo Ventures and also founded and operated a CRM software company, Clarity Data Systems, and a publishing company whose flagship magazine is City Weekend. Over 25 years in China, she has also worked as an industry analyst and trade advocate, heading the U.S. Information Technology Office and, from 1993 to 1997, the China operations of the U.S.-China Business Council. Stevenson-Yang authored the China Alone: China’s Emergence and Potential Return to Isolation, in which she argues that China historically repeats a cycle of expansion and retreat.

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Chen Long is the China economist at Gavekal Dragonomics. As a PBOC watcher, he writes extensively on China’s monetary policy, exchange rate policy, banking system and financial markets. He has been quoted by the Financial Times, Wall Street Journal, Washington Post, Reuters and Bloomberg. A native Beijinger, he was educated at Peking University and joined the Beijing office in January 2014.