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...
built capacity china commodity cost inside massive pressure price processing vulnerable
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.
china game generating positive region sum
China competitiveness is generating a positive sum game in the region for now.
capital economies market relative sector telling tiger
What the market is telling the Tiger economies is that they have too much capital in their tradeable sector relative to their competitiveness.
boom disneyland opening prolong year
The opening of Disneyland this year could prolong the boom for another two years.
entry following growth past strong surprising three
This should not be surprising after the exceptionally strong growth of the past three years, following China's entry into the WTO,
economy grown lending pace reason
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.
riding scared tiger
The government's riding a tiger and they are scared of getting off.
companies competition investors rely
Then there would be competition for capital. Investors couldn't rely on companies for short-term gains.
difference last
It's the same old story. There is not much of a difference from last year.
expected less local push quickly
It's slowed less quickly than expected because local governments have been able to push through a lot of projects.
access allowed became both bypass city economies global large neighbors rest rich stage trying
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.
peaceful relations time
Taiwan-China relations will be peaceful for a long time to come,
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.
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.