Tag Archives: Brexit

Chinese Economist Andy Xie Talks about Debts in China, FED Rate and Brexit

Andy Xie, renowned Chinese economist, talked about the debt situation in China, the possible FED rate hike and also the implication of Brexit, economically and politically, in his recent Reuters interview. Andy Xie shared that China’s banks, which are already heavily indebted, will plunge into a crisis of liquidity when the Federal Reserve raises interest rates. […]