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...
currency policy
probably the most appropriate currency policy for China.
raise
They need consolidation. If they can't raise prices, they will die.
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.
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,
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.
interest loses rate rise
If the CNY revaluation story loses steam, Hong Kong's interest rate could rise by over 100 bps soon.
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.
contain financial india interest raise rates
India and Korea, in particular, should raise interest rates to contain financial speculation.
education government receive schools system
China's education system is a no man's land. Schools have too much autonomy, they receive government funding, but they are not monitored.
companies competition investors rely
Then there would be competition for capital. Investors couldn't rely on companies for short-term gains.
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.
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,
knows
We're going down to the bottom. No one knows where that is.
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.