49 Quotes by Andy Xie
- Author Andy Xie
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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.
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- Author Andy Xie
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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.
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The opening of Disneyland this year could prolong the boom for another two years.
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This should not be surprising after the exceptionally strong growth of the past three years, following China's entry into the WTO,
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The government's riding a tiger and they are scared of getting off.
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What the market is telling the Tiger economies is that they have too much capital in their tradeable sector relative to their competitiveness.
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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.
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There was a delicate balance in consumer confidence. It's tipped over.
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There's no question that oil is the strongest headwind for growth now. This is a very delicate moment, no doubt about it.
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