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...
banks large number result state
In the 1990s, the state banks shoveled those deposits to inefficient state companies. The end result was a large number of nonperforming loans.
bush economic government high moves oil prices threaten
In particular, if another Bush government moves on to Iran, then oil prices would go very high and really threaten China's economic development.
chinese factor kept kong tourism
Chinese tourism was the factor that kept Hong Kong from recession,
peaceful relations time
Taiwan-China relations will be peaceful for a long time to come,
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.
common earnings government investment obtained reach
About two-thirds of the country's earnings are obtained from government investment and exports, which won't reach the common people.
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.
bubble itself plain theory
This is a bubble, plain and simple. Every bubble has a theory about itself and every bubble bursts. There's never been an exception.
raise
They need consolidation. If they can't raise prices, they will die.
land measures since vital
There will be more coming. There will be measures on land supply, since that's very vital to this tightening.
boost encourage extremely greater investors lead positive trading volumes
This is an extremely positive step. It's going to significantly boost trading volumes and liquidity, and it will encourage investors to arbitrage in the markets, which will lead to much greater efficiency.
believe china commodity deal develop likely limit step strategy
This is the first step by China to limit commodity prices. We believe China will likely develop a comprehensive strategy to deal with commodity prices.