Dr Andy Xie, renowned Chinese Economist, predicts that the iron ore prices will continue to drop to under USD 40, based on his observation and analysis of the global market, especially the slowing demand from China…
Below are his predictions:
Steel industry in China is reaching `critical point’
Mills expected to cut output by about 5% in 2016
Iron Ore price will drop below $40 a metric ton before year-end, and trade in the $30s in 2016 as demand in China sputters
Dr Andy Xie 謝國忠, Shanghai-based independent economist, has just been named “ 50 Most Influential Persons in Finance”by Bloomberg, and is currently director of Rosetta Stone Advisors.Dr Xie 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. Prior to that he spent two years with Macquarie Bank in Singapore, where he was an associate director in corporate finance. He also spent five years as an economist with the World Bank.
Dr Xie earned a PhD in economics in 1990 and an MS in civil engineering in 1987 from the Massachusetts Institute of Technology.
Contact us to engage Andy Xie to speak at your next financial conference!