China has built up massive capacity for processing commodities. The sunk cost inside China has made it more vulnerable to price squeezing pressure in the commodity market.
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If only the world remains wedded to free trade, there seems to be nothing to prevent China's export juggernaut from continuing to rumble on.Andy Xie
There will be more coming. There will be measures on land supply, since that's very vital to this tightening.
Andy Xie
Even developed, energy-efficient economies like Japan and South Korea are feeling oil's bite. Growth in Korea is likely to be at least 20 below what the Ministry of Finance and Economy was targeting at the beginning of the year, economists estimate. In Ja
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probably the most appropriate currency policy for China.
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Government officials are still learning to trust the market mechanism. They are containing inflation, but you're building up more and more distortions in the economy.
Andy Xie
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