China is a developing country that saves too much, and the United States is a developed country that spends too much. The result is a big trade gap. Does something have to give Yes. But it's not clear when that will happen, and in the meantime both economies are performing pretty well.
More Quotes from Andy Xie:
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.Andy Xie
This is a bubble, plain and simple. Every bubble has a theory about itself and every bubble bursts. There's never been an exception.
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Even developed, energy-efficient economies like Japan and South Korea are feeling oil's bite. Growth in Korea is likely to be at least 20 below what the Ministry of Finance and Economy was targeting at the beginning of the year, economists estimate. In Ja
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I think that the soft or hard landing debate is misleading. Financial markets usually have hard landings regardless of how an economy lands.
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There will be more coming. There will be measures on land supply, since that's very vital to this tightening.
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If only the world remains wedded to free trade, there seems to be nothing to prevent China's export juggernaut from continuing to rumble on.
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