China’s biggest bear, Andy Xie, has made his prediction for 2011 and it is pretty grim: the race for economic recovery will be a zero-sum game between China and the US.
Xie, a former Morgan Stanley economist and one of the most outspoken critics of China’s growing property bubble, wrote last week in the Chinese publication China Century Weekly that he expects one of the two countries’ economies to crash.
Xie says the combination of US dollars flooding the system with liquidity and China holding its currency down will be potent.
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