probably the most appropriate currency policy for China.
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
The Chinese economy has started to slow due to excess capacity. The rapid investment-led boom of the last five years has borrowed growth from the future.
Andy Xie
I think that the soft or hard landing debate is misleading. Financial markets usually have hard landings regardless of how an economy lands.
Andy Xie
I experienced the effect firsthand on my return flight from London to Hong Kong last weekend, ... There were three passengers in my cabin -- a 10 percent occupancy rate at best. Hong Kong's restaurants are mostly empty. It is difficult to enjoy a meal with masked waiters tiptoeing around in silence. If you want to frighten people in Hong Kong, just sneeze.
Andy Xie
These countries are still pro-growth. But without investment to increase capacity and keep inflation down, you cannot keep growth going.
Andy Xie
About two-thirds of the country's earnings are obtained from government investment and exports, which won't reach the common people.
Andy Xie
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