Andy Xie: China Economy Suffers from Government Over Investment

Andy Xie, renowned Chinese Economist, said that China economy is suffering from government over investment, and he explained what was causing it in a recent BBC interview.

Andy Xie 1

See the video here…

From BBC:
A private survey is showing a slowdown in China’s key manufacturing sector.
The HSBC flash PMI reading shows a reading of 49.5 for December against a 50 reading last month.
Anything below 50 indicates a contraction. It would be a further indication that the world’s second-largest economy is slowing down.
The BBC’s Leisha Chi spoke to China specialist and independent economist Andy Xie in Hong Kong about what’s causing it.
Mr Xie was ranked one of the 50 most influential people in global finance last year.

Dr Andy Xie

Dr Andy Xie 謝國忠Shanghai-based independent economist, has just been named “ 50 Most Influential Persons in Finance”by Bloomberg, and is currently director of Rosetta Stone Advisors.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.

Dr Xie earned a PhD in economics in 1990 and an MS in civil engineering in 1987 from the Massachusetts Institute of Technology.

Contact us today to engage Andy Xie to share his insights at your next conference.