Andy Xie: Chinese monetary policy has to be tightened
Xie believes the Chinese economy is in no near-term threat. But he does see problems down the line because of a property bubble. He recommends even more monetary tightening to reduce the ill effects of this bubble.
Xie comments on the U.S. and on Europe as well. The video of his comments runs just under ten minutes.
About Edward Harrison
- Marc Faber: “Monetary policy in the United States will stay expansionary” 4 Oct 2009
- Andy Xie: Central bank “arsonists have been asked to put out the fire” 28 Oct 2009
- Andy Xie on China, money and asset bubbles 8 Dec 2009
- Andy Xie: “Whole world is drinking poison to quench the thirst” 8 Dec 2009
- The Chinese bubble economy 11 Jan 2010
Andy has been a China bear for decades. While eventually he will be right it is clear that his credibility on the subject is in question.