Property Crash Needed for China to Have Stock Bull Market, Andy Xie Says
Economist Andy Xie said a property crash is needed for China to have a bull market in stocks.
“The stock market is still in bear territory,” Xie said at a forum in Beijing today. “The reason is because the property market is sucking in all the money.”
To contact the reporter on this story: Dingmin Zhang in Beijing at firstname.lastname@example.org