India and Korea, in particular, should raise interest rates to contain financial speculation.
More Quotes from Andy Xie:
This should not be surprising after the exceptionally strong growth of the past three years, following China's entry into the WTO,Andy Xie
There was a delicate balance in consumer confidence. It's tipped over.
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China has built up massive capacity for processing commodities. The sunk cost inside China has made it more vulnerable to price squeezing pressure in the commodity market.
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The financial sector may have become dependent on the trading profits from oil. As evidence accumulates over weakening demand and strong supply, I believe oil prices could collapse,
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In the 1990s, the state banks shoveled those deposits to inefficient state companies. The end result was a large number of nonperforming loans.
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The opening of Disneyland this year could prolong the boom for another two years.
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