Andy Xie Shared his Views on the Impact of the Panama Papers on Asia

Shanghai-based independent economist Andy Xie was interviewed by Karishma Vaswani for BBC Business regarding the possible impact of Panama Papers on Asia.

Andy Xie was asked if he thinks the Panama Papers wil force more governments to become more transparent about tax and he said “In Asia it’s about how to hide your wealth that often hasn’t been legitimately acquired.” He goes on to say that “Political power and ill-gotten wealth go hand in hand here.” and “How are you going to convince people to close these doors?”

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Andy XieAndy Xie 謝國忠 is a renowned Chinese economist based in Shanghai who has been named one of the “50 Most Influential Persons in Finance” by Bloomberg.

Dr. Xie’s skill and has been tried and tested through the years. He 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. Before that, Dr. Xie spent two years with Macquarie Bank in Singapore an associate director in corporate finance and  five years as an economist with the World Bank. Dr. Andy Xie is currently a director of Rosetta Stone Advisors.

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

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