Searcher
Le Xia
Le Xia
Chief Economist
Hong Kong

Dr. Le Xia is Chief Economist for Asia at BBVA Research. He joined BBVA in 2010.

He also serves as a research fellow in International Monetary Institute at Renmin University of China. Prior to joining BBVA Research, Dr. Xia worked for the Treasury Department of Bank of China (Hong Kong). The research fields of Dr. Xia include macroeconomics in Asia economies, financial development in the Asian region and the economic integration between China and other emerging markets.

He obtained his PhD from the University of Hong Kong and has a master degree from Renmin University of China.

Latest publications

We estimate China’s optimal foreign reserve level is around USD 2,769.3 billion, USD 454.5 billion lower than the current level. That means, there is still some buffer to reduce the reserve amid risks of western potential sanctions.
Asia’s growing inflation pressures have significantly picked up due to the global supply chain disruptions and high commodity prices. Inflation dynamics have been divergent as consumption habits hit differently. Inflation inertia remains high, while housing and transport push is stable, food prices are climbing.
We analyze whether China exports inflation to the world and conclude that the answer is not in the short term since the pandemic outbreak but China will contribute to global inflation in the long term.