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...
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.
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.
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.
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,
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.
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.
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.
peaceful relations time
Taiwan-China relations will be peaceful for a long time to come,
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.
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.
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.
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.
balance consumer delicate
There was a delicate balance in consumer confidence. It's tipped over.