Beware: the US-China technology war is about to burst the tech bubble
- Tech stocks are overvalued, thanks to central banks. And as the impact of the US-China tech war becomes increasingly obvious and the pandemic cools demand for hi-tech goods, a chill will be thrown over stock markets
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.