According to China Economist Andy Xie, about 20 percent of China’s economy is shrinking and 80 percent is growing moderately. A credit bubble in China’s economy is deflating, leading to weaker growth momentum. Watch the CNBC video by following the link… Detailed insight here… Dr Andy Xie 謝國忠 is Shanghai-based independent economist specialising in China and […]
Tag Archives: bubble
Andy Xie, renowned economist, stated that living standards of people around the world is worsening due to what is happening in finance. Bubble will burst, only slower than the previous financial crisis, due to the emergency of the global companies that can shift production anywhere in the world, and therefore making inflation not so obvious. […]
Andy Xie, renowned Chinese economist, wrote an article in CaixinOnline on the near future of global economy. He is not very positive about it… The global economy is likely experiencing a bigger bubble than the one that unleashed the 2008 crisis, and should it burst the ensuing recession would be mammoth. Return of the Dotcom […]
Andy Xie, renowned Chinese Economist, predicts that the end of QE would be worst than the financial crisis. Andy reckons the global flow of hot money into government bonds and real estate has reached such a scale that the current asset bubble is greater than the one that unleashed the 2008 financial crisis. When the […]