Chinese Economist Dr Andy Xie was interviewed by CNBC-TV18’s Shereen Bhan on global markets, US-China trade war & India’s growth at the St. Petersburg International Economic Forum.
Dr Xie shared several important points. Take a look at some of them:
“So far it is really shadow boxing. Still the United States does not know what to do yet. I don’t believe that trade war will happen soon because Chinese products are not exact Chinese products, they are American products and branded by American companies.”
“I think China is trying to pile up more energy products even though buying agricultural products is politically important for Trump and for the Republican Party but the amount of value is not there. You cannot make up for the current imbalance.”
“I think the market is rangebound, it is not a crash. I think the uptrend is being stopped. The US interest rate is now below inflation, real interest rate is still negative but there is expectation that interest rate will rise and real interest rate will become positive.”
“There are always tons of problems. You must grow out of problems and everything all else will come together to support growth… the most important part is urbanisation. India needs to build massive cities,”
Watch the rest of the interview 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.
Andy 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, Andy 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.