19 ordspråk av Qu Hongbin

Qu Hongbin

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But if you have a big trade surplus it will give Western politicians an excuse or tool for them to put pressure on the currency.

China has emphasized that they do not want to make the currency issue into a political issue, which means that China will continue to hold dialogue with trading partners to search for proper solutions, and the exchange rate is not necessarily the only means to do that,

China's economy has so far performed better than people had expected. Export growth is also stronger than expected.

Given the evidence of deteriorating investment efficiency, China needs to rebalance its growth by shifting away from investment toward consumption.

Given the evidence of deteriorating investment efficiency, China needs to rebalance its growth by shifting away from investment towards consumption.

How Chinese exports perform is largely driven by external demand rather than the exchange rate,

Investments will slow and producer prices should come down. What we'll see now is a modest slowdown.

It's a challenging task but that shouldn't be an excuse for China not starting on it right now.

It's roughly in line with what people expected, and if you discount the Chinese New Year effect, the number would probably not look so high.

Simply because as a matter of fact China still has plenty of rural surplus laborers and people are talking about a magnitude of more than 200 million - so you know from national-wide point of view, there is plenty of labor supply there.

The government has to spend more on education, healthcare and pensions to take the burden off individuals and give them more confidence to spend.

The government should create more jobs in the manufacturing and service sectors as part of it ongoing campaign to reduce the country's rural population.

The key to bolstering domestic consumption is to shore up citizens' personal incomes.

There are various hidden uncertainties if we look at the main growth engines. Exports depend on external factors and it will be a big question as to whether China's exports can be a single flower blossoming if the world economy slows next year.

There's only one conclusion: Continuing to bolster labor-intensive production and exports is the only viable means for China to absorb its surplus labor and improve rural living standards.

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