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2010-03-03

Is Li-Gang Liu kidding or fooling himself and others?

Comments on “What China bubble?” 3/03/2010, http://www.businessspectator.com.au/bs.nsf/Article/China-economy-ANZ-economst-Li-Gang-Liu-pd20100302-367SC?OpenDocument&src=sph

It is reported that in an interview, ANZ's head of China economics Li-Gang Liu tells Business Spectator's Isabelle Oderberg:
The biggest threat to China's economy in 2010 is inflation, especially in food
• He would describe China's property market as a boom, not a bubble
• The biggest myth propagated in the western media is that China is a market-driven economy; it is still managed centrally
With all respect to Liu, he is way off the mark.
China's property is not a bubble, but a boom? Is he kidding?
Where does he live, on the earth or on the moon?
The biggest myth propagated in the western media is that China is a market-driven economy?
What are his criteria of a market economy?
Give me a break!
Lie is so out of touch with the Chinese economy and markets.
It appears that he clearly has neither the knowledge nor the capacity to understand the Chinese economy.
He is what? ANZ's head of China economics?
I have thought ANZ has some knowledge of Asian economies. It seems I have been mistaken!

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