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Andy Xie Quotes
«They'll remain empty for years.»
«China's education system is a no man's land. Schools have too much autonomy, they receive government funding, but they are not monitored.»
«It's slowed less quickly than expected because local governments have been able to push through a lot of projects.»
«This is the first step by China to limit commodity prices. We believe China will likely develop a comprehensive strategy to deal with commodity prices.»
«China is a developing country that saves too much, and the United States is a developed country that spends too much. The result is a big trade gap. Does something have to give? Yes. But it's not clear when that will happen, and in the meantime both economies are performing pretty well.»
«China has built up massive capacity for processing commodities. The sunk cost inside China has made it more vulnerable to price squeezing pressure in the commodity market.»
«The two city economies became rich by being the gateways to the rest of the world for their large neighbors. However, globalization has allowed their neighbors to bypass them and access the global stage directly. Both are trying to get back into the game, but in different ways.»
«Korea's consumption growth is currently very much dependent on sentiment and unanticipated wealth gains, leading to concerns about the sustainability of consumption recovery.»
«The reason why the economy has grown at this pace is because of the banks' lending terms. If they don't want to economy to grow so much, they need to tighten their lending terms.»
«The government's riding a tiger and they are scared of getting off.»