Andy Xie: China’s Property Bear Market…

Andy Xie, renowned Chinese economist, says that China has entered a property bear market – one that, he predicts, will last for five years.

andy-xie

“According to Dr Xie, this momentary recovery is not sustainable as the money supply is not picking up. Indeed, Premier Li Keqiang had himself said that the Chinese government would not rely on macroeconomic adjustments such as increasing the fiscal deficit and loosening money supply when faced with downward pressure on the economy, pointed out Dr Xie.”

You can read the article 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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