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