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 […]
Tag Archives: Caixin
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 […]
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