Andy Xie, renowned Chinese economist, considers that even though China hopes that foreign money will come and drive the China stock market, this would not happen as the China stocks are comparatively expansive, and inflated artificially.
“If investors want to invest, they can invest in the stocks listed in Hong Kong, which are comparatively cheaper, and of better quality.” said Andy Xie.
Watch the video here…
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.