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Analysis: Defusing China's property bubble

SINGAPORE, March 21 (UPI) -- By announcing measures last week to tighten mortgage lending, China finally appears to have made up its mind in defusing the long-building property bubble. But
SONIA KOLESNIKOV-JESSOP, UPI Business Correspondent

Analysis: Is China overheating again?

SINGAPORE, March 16 (UPI) -- China's fixed asset investment rose sharply in the first two months of 2005, while industrial output growth posted a stunning reacceleration. Both data are poin
SONIA KOLESNIKOV-JESSOP, UPI Business Correspondent

China economic policy steady for 2005

SINGAPORE, March 7 (UPI) -- With the National People's Congress in Beijing underway and key speeches by premier Wen Jiabao and others seniors officials, it is already clear that the motus
SONIA KOLESNIKOV-JESSOP, UPI Business Correspondent

Analysis:Year of transition for China mkts

SINGAPORE, Jan. 4 (UPI) -- The Year of the Rooster is expected to be an important year of transition for China's financial markets. While last year's debate centered on the macro adjustme
SONIA KOLESNIKOV-JESSOP, UPI Business Correspondent

Analysis: Falling dollar rattles Asia

SINGAPORE, Nov. 29 (UPI) -- The U.S. dollar has been falling inexorably against Asian currencies in recent months, with the trend accelerating in recent weeks. For Asia, the danger is that
SONIA KOLESNIKOV-JESSOP, UPI Business Correspondent

China property market maybe about to turn

SINGAPORE, Nov. 24 (UPI) -- Property prices in China have tripled over the last five years, putting home ownership out of reach for many Chinese and prompting household debts in major citi
SONIA KOLESNIKOV-JESSOP, UPI Business Correspondent

Analysis: First of many more rate hikes

SINGAPORE, Nov. 1 (UPI) -- Last week, Chinese authorities surprised the market by hiking their key interest rates for the first time in nine years. The hike is now viewed as one of many t
SONIA KOLESNIKOV-JESSOP, UPI Business Correspondent

Asia exports cycle picking

SINGAPORE, Sept. 1 (UPI) -- Asian exports experienced strong growth in the first half of the year, but there are now growing evidences the cycle is peaking. To maintain their current econo
SONIA KOLESNIKOV-JESSOP, UPI Business Correspondent

Analysis:Interest rate hike in China next?

SINGAPORE, April 13 (UPI) -- The Chinese government is becoming increasingly serious about taking preemptive measures to cool off the overheated economy. The central bank has just tightened
SONIA KOLESNIKOV-JESSOP, UPI Business Correspondent

Analysis: China growth to slow next year

SINGAPORE, Nov. 4 (UPI) -- Official gross domestic product growth data in China has regularly hovered between 7 to 8 percent, but if electricity demand is anything to go by, growth is lik
SONIA KOLESNIKOV-JESSOP, UPI Business Correspondent
Wiki

Andy Xie (谢国忠) (born 1962) is an independent economist based in Shanghai, and the former Morgan Stanley star chief Asia-Pacific economist famous for his contrarian and provocative views . He left Morgan Stanley abruptly in October 2006 when an internal email that he penned was leaked out. He derided Singapore as a money laundering centre for Indonesia, and the ASEAN group of nations as a failure. The leakage lead to subsequent resignations of Singapore-based Celicia Ong and Hong Kong-based Hani Abuali.

Andy Xie graduated from Massachusetts Institute of Technology with a M.S. in Civil Engineering. He then obtained a PhD in Economics from Massachusetts Institute of Technology in 1990 and went on to become an economist for IMF, specialising in South-east Asian economies. He joined Morgan Stanley in 1997 as a Managing Director, and is noted for his provocative views on the Chinese economy. His bearish calls on Shanghai property and Chinese stock market have attracted criticism from Chinese officials. In China, some local government economists criticized his bearish calls on Chinese Asset Bubble-Burst Cycle and questioned his personality, claiming him as an "American Parrot".

Andy Xie is one of the few economists who accurately predicted economic bubbles including the 1997 Asian Financial Crisis, dot-com bubble (1999) and Subprime mortgage crisis (2008). Andy Xie considers himself as one who has had a reasonably good record at calling bubbles in the past. "I wrote my doctoral thesis arguing that Japan was a bubble in late 1980s, a long report at the World Bank in the early 1990s arguing that Southeast Asia was a bubble, research notes at Morgan Stanley in 1999 calling dotcom boom a bubble, and numerous research notes from 2003 onwards arguing that the US property market was a bubble. On the other hand I have never called something a bubble that turned out not to be a bubble."

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Andy Xie."
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