29 Total Quotes

Andy Xie Quotes

In particular, if another Bush government moves on to Iran, then oil prices would go very high and really threaten China's economic development.
Andy Xie
#Government

[Even developed, energy-efficient economies like Japan and South Korea are feeling oil's bite. Growth in Korea is likely to be at least 20% below what the Ministry of Finance and Economy was targeting at the beginning of the year, economists estimate. In Japan, $60 oil for 12 months could shave half a percent off GDP growth in an economy that had recently begun to perk up, according to Reiji Takeishi, a senior fellow at the Fujitsu Research Institute in Tokyo. The oil-price hikes so far, estimates Morgan Stanley economist Andy Xie, mean the Asia-Pacific region is spending 1.2% more of its total GDP on oil imports than it did last year.] There's no question that oil is the strongest headwind for growth now, ... This is a very delicate moment, no doubt about it.
Andy Xie
#Energy

The Chinese economy has started to slow due to excess capacity. The rapid investment-led boom of the last five years has borrowed growth from the future.
Andy Xie
#Economy

Government officials are still learning to trust the market mechanism. They are containing inflation, but you're building up more and more distortions in the economy.
Andy Xie
#Government

If only the world remains wedded to free trade, there seems to be nothing to prevent China's export juggernaut from continuing to rumble on.
Andy Xie
#Trade

The opening of Disneyland this year could prolong the boom for another two years.
Andy Xie
#Boom

Over the next two decades, one of the two deltas will become the pre-eminent leader in China's economy, ... The YRD has the advantage in geography.
Andy Xie
#Economy

Chinese tourism was the factor that kept Hong Kong from recession,
Andy Xie
#Chinese

The policy is still very defensive. The government doesn't know what's going to replace the economic activity that is being moved to China.
Andy Xie
#Government

In the 1990s, the state banks shoveled those deposits to inefficient state companies. The end result was a large number of nonperforming loans.
Andy Xie
#Banks

This should not be surprising after the exceptionally strong growth of the past three years, following China's entry into the WTO,
Andy Xie
#Growth

India and Korea, in particular, should raise interest rates to contain financial speculation.
Andy Xie
#Interest

What we need to see are concrete measures aimed at getting the bureaucracy to pursue this objective, otherwise all this will be just more rhetoric.
Andy Xie
#Bureaucracy

I think that the soft or hard landing debate is misleading. Financial markets usually have hard landings regardless of how an economy lands.
Andy Xie
#Debate

Then there would be competition for capital. Investors couldn't rely on companies for short-term gains.
Andy Xie
#Competition

About two-thirds of the country's earnings are obtained from government investment and exports, which won't reach the common people.
Andy Xie
#Government

There's no question that oil is the strongest headwind for growth now. This is a very delicate moment, no doubt about it.
Andy Xie
#Doubt

If growth in the U.S. slows significantly, all of Asia's exporters will feel it.
Andy Xie
#Growth

Overseas Chinese control, by my estimate, $2 trillion of liquid assets that can be mobilized instantly to punt on anything from European football games to Shanghai property. This source of money is both the boon and the bane of China's economic development.
Andy Xie
#Control

Growth rates could decelerate by another 1 percentage point due to further rises in oil prices.
Andy Xie
#Growth

China's investment demand is based on excessive optimism about the future. India depends on capital inflow to fund its consumption-led growth, like a poorer version of the U.S.
Andy Xie
#Future

China's investment demand is based on excessive optimism about the future. India depends on capital inflow to fund its consumption-led growth, like a poorer version of the US.
Andy Xie
#Future

When two countries agree to work together, there's no need to pin down details at the highest level. It's different between China and the United States... because it's difficult for these two countries to work together.
Andy Xie
#Work

If the CNY revaluation story loses steam, Hong Kong's interest rate could rise by over 100 bps soon.
Andy Xie
#Interest

These countries are still pro-growth. But without investment to increase capacity and keep inflation down, you cannot keep growth going.
Andy Xie
#Growth

Korea's consumption growth is currently very much dependent on sentiment and unanticipated wealth gains, leading to concerns about the sustainability of consumption recovery.
Andy Xie
#Growth

China's education system is a no man's land. Schools have too much autonomy, they receive government funding, but they are not monitored.
Andy Xie
#Education

It's slowed less quickly than expected because local governments have been able to push through a lot of projects.
Andy Xie
#Projects

This is a bubble, plain and simple. Every bubble has a theory about itself and every bubble bursts. There's never been an exception.
Andy Xie
#Theory