Word: xie
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...Japan, $60 oil for 12 months could shave half a percent off GDP growth in an economy that had recently begun to perk up, according to Reiji Takeishi, a senior fellow at the Fujitsu Research Institute in Tokyo. The oil-price hikes so far, estimates Morgan Stanley economist Andy Xie, mean the Asia-Pacific region is spending 1.2% more of its total GDP on oil imports than it did last year. "There's no question that oil is the strongest headwind for growth now," says Xie. And if crude prices stay at current levels or go higher, the pain will...
...other companies feel a similar pinch, as Simpfendorfer fears, that could crimp one of the main drivers of China's current economic boom?spending by companies to build and equip new factories and other businesses. While the economy is still growing at an impressive clip, says Morgan Stanley's Xie, the trend toward deceleration "is pretty clear...
...retail giant may not be alone. According to the University of Michigan's monthly survey, released last Friday, consumer confidence in the U.S. dropped sharply in August, due mainly to oil. "If growth in the U.S. slows significantly, all of Asia's exporters will feel it," says Xie. The good news is that oil demand falls when the economy flags, which in turn sends the price back down?sometimes sharply. But economic recession is a painful way to get cheaper gasoline...
...which Chen and Lu were lightly injured, was staged in order to win sympathy votes and ensure Chen's subsequent victory?a result that sparked protests across Taiwan. The end of the inquiry is unlikely to silence critics, who maintain that questions remain unanswered about the attack. ARRESTED. XIE CHUNREN, 56, Chinese-born U.S. citizen; on suspicion of spying for Taiwan; by Chinese authorities; in Sichuan Province. Arrested upon his arrival from the U.S., Xie has remained under "residential surveillance" at a state-run guesthouse since May 31, according to Jerome Cohen, an expert at Chinese law at New York...
...months later, Harvard’s divestment has had no discernible effect on PetroChina’s share price, says Morgan Stanley’s chief Asia/Pacific economist, Andy Xie...