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...
cannot capacity countries growth increase inflation investment
These countries are still pro-growth. But without investment to increase capacity and keep inflation down, you cannot keep growth going.
delicate doubt growth oil question strongest
There's no question that oil is the strongest headwind for growth now. This is a very delicate moment, no doubt about it.
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,
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.
due further growth oil percentage point rates rises
Growth rates could decelerate by another 1 percentage point due to further rises in oil prices.
growth
If growth in the U.S. slows significantly, all of Asia's exporters will feel it.
boom borrowed chinese due economy excess five growth last rapid slow
The Chinese economy has started to slow due to excess capacity. The rapid investment-led boom of the last five years has borrowed growth from the future.
balance consumer delicate
There was a delicate balance in consumer confidence. It's tipped over.
currency policy
probably the most appropriate currency policy for China.
adjustment decline either percent prices property recession several slow
Either you have a big adjustment like a 20 percent or 30 percent decline, or you have a big recession or you have a slow decline in property prices or several years of no growth.
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,
continuing export free prevent remains rumble seems trade
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.
cabin difficult effect enjoy flight frighten kong last london masked meal mostly passengers people percent rate return three waiters
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.
adjustment believe current dollar
I believe that the current dollar adjustment is cyclical.