Andy Xie: Shanghai Composite “should be 2,000 or less”

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Further to my “Shanghai cracks” post of yesterday, a Bloomberg interview with Andy Xie provides additional insight. Xie is a highly regarded analyst based in Hong Kong and a former Morgan Stanley chief Asian economist.

Also read Xie’s thought-provoking article of a month ago, “Famed market analyst says China has “become a giant Ponzi scheme“.

Click here or on the image below to view the clip.


Source: Bloomberg, August 31, 2009.

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Read more on Shanghai Composite Index (SSEC), Investing in China at Wikinvest
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