Andy Xie China Quotations

When two countries agree to work together, there's no need to pin down details at the highest level. It's different between China and the United States... because it's difficult for these two countries to work together.

China competitiveness is generating a positive sum game in the region for now.

China has built up massive capacity for processing commodities. The sunk cost inside China has made it more vulnerable to price squeezing pressure in the commodity market.

China is a developing country that saves too much, and the United States is a developed country that spends too much. The result is a big trade gap. Does something have to give? Yes. But it's not clear when that will happen, and in the meantime both economies are performing pretty well.

This is the first step by China to limit commodity prices. We believe China will likely develop a comprehensive strategy to deal with commodity prices.