I experienced the effect firsthand on my return flight from London to Hong Kong last weekend, ... There were three passengers in my cabin -- a 10 percent occupancy rate at best. Hong Kong's restaurants are mostly empty. It is difficult to enjoy a meal with masked waiters tiptoeing around in silence. If you want to frighten people in Hong Kong, just sneeze.
More Quotes from Andy Xie:
China's investment demand is based on excessive optimism about the future. India depends on capital inflow to fund its consumption-led growth, like a poorer version of the U.S.Andy Xie
In particular, if another Bush government moves on to Iran, then oil prices would go very high and really threaten China's economic development.
Andy Xie
Either you have a big adjustment like a 20 percent or 30 percent decline, or you have a big recession or you have a slow decline in property prices or several years of no growth.
Andy Xie
The financial sector may have become dependent on the trading profits from oil. As evidence accumulates over weakening demand and strong supply, I believe oil prices could collapse,
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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
China is a developing country that saves too much, and the United States is a developed country that spends too much. The result is a big trade gap. Does something have to give Yes. But it's not clear when that will happen, and in the meantime both economies are performing pretty well.
Andy Xie
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Based on Topics: Silence Quotes, Weekends QuotesBased on Keywords: kongs, masked, sneeze, tiptoeing, waiters
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