There was a delicate balance in consumer confidence. It's tipped over.
More Quotes from Andy Xie:
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
What we need to see are concrete measures aimed at getting the bureaucracy to pursue this objective, otherwise all this will be just more rhetoric.
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
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
Growth rates could decelerate by another 1 percentage point due to further rises in oil prices.
Andy Xie
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.
Andy Xie
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Based on Topics: Confidence QuotesSometimes cameras and television are good to people and sometimes they aren't. I don't know if its the way you say it, or how you look.
Dan Quayle
So that is how I ended up with those two titles, I like Accidentally on Purpose better - it is how we work in our trade - is it really an accident, or is there a thread of destiny in there? That was the intention, I am not sure I found out.
Michael York
I think sometimes what happens is that all of this feeling out of control manifests itself in trying to control your body; whether it's an eating disorder or talking about getting your nose fixed, as if that's going to be the solution to all the pressure.
Susan Sarandon