Tag Archives: Caixin

Andy Xie on China’s “Internet Bubble”

Dr Andy Xie, renowned Chinese economist, thinks that the e-commerce boom in itself is not sustainable.  The current Internet boom, centered around social networking, e-commerce and online gaming, has not produced a significant productivity boost for the economy and likely will not in the future. The boom is mostly about redistributing existing demand from offline […]

Andy Xie on China’s Moral Hazard, and it’s Impact…

Dr Andy Xie commented in his recent article in Caixin Online that there are two evil forces that are poisoning China’s financial system: moral hazard and adverse selection. “While preventing a systemic crisis in coping with failing trust products should be a priority, indiscriminate bailouts would merely delay the inevitable and leave a bigger blowup […]