Xie explains the ‘immature’ madness of Chinese markets

China is a particularly garish example of central planning and finance theory gone completely bonkers, but it is also a study of human behavior and prominent thinking in varying degrees, everywhere today. Andy Xie is a rare economist: schooled and still wise enough to connect the dots: “Every cycle you lose money quicker than the last.”

Andy Xie, an independent economist, talks about China’s measures to reverse the stock market rout that began last month.Here is a direct video link.

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