Andy Xie Quotes (35 Quotes)

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.

I think that the soft or hard landing debate is misleading. Financial markets usually have hard landings regardless of how an economy lands.

In particular, if another Bush government moves on to Iran, then oil prices would go very high and really threaten China's economic development.

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.

probably the most appropriate currency policy for China.

This should not be surprising after the exceptionally strong growth of the past three years, following China's entry into the WTO,

This is a bubble, plain and simple. Every bubble has a theory about itself and every bubble bursts. There's never been an exception.

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

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.

Korea's consumption growth is currently very much dependent on sentiment and unanticipated wealth gains, leading to concerns about the sustainability of consumption recovery.

About two-thirds of the country's earnings are obtained from government investment and exports, which won't reach the common people.

In the 1990s, the state banks shoveled those deposits to inefficient state companies. The end result was a large number of nonperforming loans.

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.

They'll remain empty for years.

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,

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.

There was a delicate balance in consumer confidence. It's tipped over.

This is the first step by China to limit commodity prices. We believe China will likely develop a comprehensive strategy to deal with commodity prices.

If growth in the U.S. slows significantly, all of Asia's exporters will feel it.

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.

If the CNY revaluation story loses steam, Hong Kong's interest rate could rise by over 100 bps soon.

There will be more coming. There will be measures on land supply, since that's very vital to this tightening.

These countries are still pro-growth. But without investment to increase capacity and keep inflation down, you cannot keep growth going.

Then there would be competition for capital. Investors couldn't rely on companies for short-term gains.

Growth rates could decelerate by another 1 percentage point due to further rises in oil prices.

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.

Taiwan-China relations will be peaceful for a long time to come,

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.

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.

The opening of Disneyland this year could prolong the boom for another two years.

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.

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.

China's investment demand is based on excessive optimism about the future. India depends on capital inflow to fund its consumption-led growth, like a poorer version of the U.S.

India and Korea, in particular, should raise interest rates to contain financial speculation.

China competitiveness is generating a positive sum game in the region for now.