They'll remain empty for years.
More Quotes from 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
Growth rates could decelerate by another 1 percentage point due to further rises in oil prices.
Andy Xie
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.
Andy Xie
Government officials are still learning to trust the market mechanism. They are containing inflation, but you're building up more and more distortions in the economy.
Andy Xie
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
Andy Xie
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.
Andy Xie
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