Dr Andy Xie , renowned Chinese economist, shares his comments on the Chinese and global economy:
The End of the Con – Caixin Online
Caixin Online > Opinion > Magazine Columnist > 谢国忠 Andy Xie > The End of the Con. print. single page. enlarge. reduce. By Andy Xie 06.04.2012 10:46 …
The days of easy growth are gone, meaning the government must address problems linked to low household income and excess investment
“The world’s largest emerging economies are no longer in a position to carry the global economy through tough times, as they did during the ‘recovery’ years of 2009-2011,” said China expert Andy Xie.
Independent economist Andy Xie said: “The economy was able to grow exports enormously, and to finance government spending. Now as the exports slow down, the government spending is becoming too big to sustain. I think the government is not addressing this problem. So I think the economic difficulties will continue...”
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