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Chinese Economist Andy Xie says major reason for imbalances in world is financial bubbles

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Andy Xie, managing director of Rosetta Stone Capital, attends the Lujiazui Forum in Shanghai, China, on Saturday, May 16, 2009. The Lujiazui Forum takes place from May 15-16. Photographer: Qilai Shen/Bloomberg News
(G.N.S) Dt. 24 Beijing According to Xie, the current bubble is largely because US dollar is a reserve currency which is being supported by East Asian currencies where production and savings happen. Terming Donald Trump-led US as a destabilising force, leading Chinese economist Andy Xie suggested India should create economies

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