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This economist thinks China is headed for a 1929-style depression î ƒin World Economy News î …04/07/2016 Andy Xie isnÂ’t known for tepid opinions. The provocative Xie, who was a top economist at the World Bank and Morgan Stanley, found notoriety a decade ago when he left the Wall Street bank after a controversial internal report went public. Today, he is among the loudest voices warning of an inevitable implosion in China, the worldÂ’s second-largest economy. Xie, now working independently and based in Shanghai, says the coming collapse wonÂ’t be like the Asian currency crisis of 1997 or the U.S. financial meltdown...

By Andy Xie 10.08.03 18:32 Fear Empty Flats in China's Property Bubble Even worse than a price bubble burdening China's property market is a speculation-fueled quantity bubble of vacant flats How many flats in China are sitting empty? The media recently floated a story – denied by power companies – that 64.5 million urban electricity meters registered zero consumption over a recent, six-month period. That led to a theory that China has enough empty apartments to house 200 million people. Statistical transparency is lacking in this area, so the truth about empty apartments remains under wraps. Publishing accurate data should...

Andy Xie: The Only 'V' Right Now Stands For 'Vulnerable', A New Crisis Is Coming Vincent Fernando, CFA May. 11, 2010, 7:01 AM Andy Xie isn't sold on the V-shaped recovery. Sure, he sees a lot of V's in the data, but they all look vulnerable to collapsing once stimulus is pulled back from nations like China. Caixin: Are we in the midst of a V-shaped recovery following the economic collapse that began in the second half 2008? The answer is no. I think the current recovery is merely based on government stimulus and low-base effect. And given the amount...

Andy Xie: An Overwhelming "Get Rich Quick" Mentality Dooms China To Endless Bubbles Joe Weisenthal | Jan. 11, 2010, 5:10 AM /snip The overwhelming desire for getting rich quick dominates every nook, fissure and strata of Chinese society. Such desires cannot be fulfilled; the terrible logic of economics is that money must circulate. Creating bubbles can temporarily blind people to this logic, as overvalued assets substitute for money to fill psychological needs. This is why, whenever conditions permit, China seems to have asset bubbles. Bubbles exaggerate reality but are not formed out of thin air. Cheap money and strong growth...

Andy Xie: Why One Bubble Burst Deserves Another 09-28 15:34 Caijing comments( 0 ) The financial crisis taught crucial lessons about the dangers of bubbles, loose regulation and debt. It's a pity we didn't learn. By Andy Xie, guest economist to Caijing and a board member of Rosetta Stone Advisors Ltd. (Caijing Magazine) Lehman Brothers collapsed one year ago. The U.S. government refused a bailout and warned other financial institutions to be careful. The government felt other institutions had already severed their dealings with Lehman's investment network, and that a collapse could be walled in. Little did the government realize...