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...
assets boon both chinese economic european football games instantly liquid money overseas source trillion
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.
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.
knows
We're going down to the bottom. No one knows where that is.
concerns currently dependent growth leading sentiment wealth
Korea's consumption growth is currently very much dependent on sentiment and unanticipated wealth gains, leading to concerns about the sustainability of consumption recovery.
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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.
activity economic government moved policy replace
The policy is still very defensive. The government doesn't know what's going to replace the economic activity that is being moved to China.
concrete measures otherwise pursue
What we need to see are concrete measures aimed at getting the bureaucracy to pursue this objective, otherwise all this will be just more rhetoric.
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The reason why the economy has grown at this pace is because of the banks' lending terms. If they don't want to economy to grow so much, they need to tighten their lending terms.
boom disneyland opening prolong year
The opening of Disneyland this year could prolong the boom for another two years.
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This should not be surprising after the exceptionally strong growth of the past three years, following China's entry into the WTO,
riding scared tiger
The government's riding a tiger and they are scared of getting off.
peaceful relations time
Taiwan-China relations will be peaceful for a long time to come,
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The two city economies became rich by being the gateways to the rest of the world for their large neighbors. However, globalization has allowed their neighbors to bypass them and access the global stage directly. Both are trying to get back into the game, but in different ways.
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India and Korea, in particular, should raise interest rates to contain financial speculation.