Andy Xie says too much of China’s economic potential is being squandered on an endless series of bubbles. The start-up mania among Chinese youth is becoming one such bubble

China has a boom in ‘get rich quick’ schemes, instead of the economic reform it needs

Andy Xie says too much of China’s economic potential is being squandered on an endless series of bubbles. The start-up mania among Chinese youth is becoming one such bubble

Topic |   China economy

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Andy Xie says too much of China’s economic potential is being squandered on an endless series of bubbles. The start-up mania among Chinese youth is becoming one such bubble
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Andy Xie

Andy Xie

Dr Andy Xie is a Shanghai-based independent economist specialising in China and Asia, and writes, speaks and consults on global economics and financial markets. He joined Morgan Stanley in 1997 and was managing director and head of the firm’s Asia-Pacific economics team until 2006. Prior to that he spent two years with Macquarie Bank in Singapore, where he was an associate director in corporate finance. He also spent five years as an economist with the World Bank. He was voted one of the 50 most influential persons in finance by Bloomberg magazine in 2013.