Andy Xie
Andy Xie
Andy Xieis an independent economist based in Shanghai, and the former Morgan Stanley star chief Asia-Pacific economist famous for his contrarian and provocative views. He left Morgan Stanley abruptly in October 2006 when an internal email that he penned was leaked. He derided Singapore as a money laundering centre for Indonesia, and the ASEAN group of nations as a failure...
agree china countries details difficult highest pin united work
When two countries agree to work together, there's no need to pin down details at the highest level. It's different between China and the United States... because it's difficult for these two countries to work together.
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China's investment demand is based on excessive optimism about the future. India depends on capital inflow to fund its consumption-led growth, like a poorer version of the U.S.
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China's education system is a no man's land. Schools have too much autonomy, they receive government funding, but they are not monitored.
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China is a developing country that saves too much, and the United States is a developed country that spends too much. The result is a big trade gap. Does something have to give? Yes. But it's not clear when that will happen, and in the meantime both economies are performing pretty well.
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China has built up massive capacity for processing commodities. The sunk cost inside China has made it more vulnerable to price squeezing pressure in the commodity market.
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China competitiveness is generating a positive sum game in the region for now.
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If only the world remains wedded to free trade, there seems to be nothing to prevent China's export juggernaut from continuing to rumble on.
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I think that the soft or hard landing debate is misleading. Financial markets usually have hard landings regardless of how an economy lands.
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I believe that the current dollar adjustment is cyclical.
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I experienced the effect firsthand on my return flight from London to Hong Kong last weekend. There were three passengers in my cabin -- a 10 percent occupancy rate at best. Hong Kong's restaurants are mostly empty. It is difficult to enjoy a meal with masked waiters tiptoeing around in silence. If you want to frighten people in Hong Kong, just sneeze.
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Growth rates could decelerate by another 1 percentage point due to further rises in oil prices.
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Over the next two decades, one of the two deltas will become the pre-eminent leader in China's economy, ... The YRD has the advantage in geography.
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Overseas Chinese control, by my estimate, $2 trillion of liquid assets that can be mobilized instantly to punt on anything from European football games to Shanghai property. This source of money is both the boon and the bane of China's economic development.
engaging far likely market oil price prices traders until
The answer, I believe, is that there are too many oil traders engaging in oil price speculation. They will likely keep prices up until an oil market collapse. That day is not too far away, I believe,