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...
advantage leader next
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.
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.
raise
They need consolidation. If they can't raise prices, they will die.
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.
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.
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.
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.
debate economy financial hard landing markets regardless soft
I think that the soft or hard landing debate is misleading. Financial markets usually have hard landings regardless of how an economy lands.
interest loses rate rise
If the CNY revaluation story loses steam, Hong Kong's interest rate could rise by over 100 bps soon.
due further growth oil percentage point rates rises
Growth rates could decelerate by another 1 percentage point due to further rises in oil prices.
chinese factor kept kong tourism
Chinese tourism was the factor that kept Hong Kong from recession,
help sort stop
In the end, this sort of protectionism doesn't help you. You never stop this sort of thing.