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...
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.
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.
knows
We're going down to the bottom. No one knows where that is.
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.
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.
currency policy
probably the most appropriate currency policy for China.
raise
They need consolidation. If they can't raise prices, they will die.
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,