Dr Andy Xie discussed the matters of tourism, the expectations of Chinese tourists and the implications of their travel habits on the economies of nearby countries.
Independent economist Dr Andy Xie spoke to Tourism Australia 2016 and shared important points on the spending habits of China’s younger generation. Dr Xie said the current generation, the Chinese millenials, are driven by information found online and through word of mouth. He also said that the younger Chinese enjoy spending “They like to spend, it is not like old people in a bus eating instant noodles.” Find out his other ideas in the video below.
Dr Andy 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.
Dr Xie earned a PhD in economics in 1990 and an MS in civil engineering in 1987 from the Massachusetts Institute of Technology.