Andy Xie: 20% of China’s Economy is Shrinking

According to China Economist Andy Xie, about 20 percent of China’s economy is shrinking and 80 percent is growing moderately. A credit bubble in China’s economy is deflating, leading to weaker growth momentum.

Watch the CNBC video by following the link…

Andy Xie

Detailed insight here…

Dr Andy Xie 謝國忠 is Shanghai-based independent economist specialising in China and Asia. He is currently director of Rosetta Stone Advisors and of China Boqi Environmental Science and Technology.

Dr Xie is one of the few economists who has accurately predicted economic bubbles including the 1997 Asian Financial Crisis and the more recent subprime meltdown in the United States. He joined Morgan Stanley in 1997 and was Managing Director and Head of the firm’s Asia/Pacific economics team until 2006. Prior to that he spent two years with Macquarie Bank in Singapore, where he was an associate director in corporate finance. He also spent five years as an economist with the World Bank.

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