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...
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.
riding scared tiger
The government's riding a tiger and they are scared of getting off.
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.
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.
knows
We're going down to the bottom. No one knows where that is.
agree china countries details difficult highest pin united work
When two countries agree to work together, there's no need to pin down details at the highest level. It's different between China and the United States... because it's difficult for these two countries to work together.
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.
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.
currency policy
probably the most appropriate currency policy for China.
balance consumer delicate
There was a delicate balance in consumer confidence. It's tipped over.
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.
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.