China isn’t looking to grow its economy but, rather, is waiting for it to recover. Good luck with that
- Andy Xie says Beijing’s stimulus measures are not meant to revive economic growth but only to maintain stability. China seems to think it can wait for good growth numbers to return, like the last time. But this strategy won’t work this time
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.