33 ordspråk av Zheng Jingping
Zheng Jingping
A modest slowdown, if conducive to the long-term, stable development, is very good.
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as long as we continue to earnestly implement the government's macroeconomic control policies and perform solidly in the fourth quarter, then the long-term targets we set earlier this year will be realized.
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Bank loans grew a bit faster in the first quarter, which has gained the attention of the State Council. Rapid expansion may boost the economy in the short term, but it will eventually lead to inflation and economic disorders and we should consider it seriously.
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China has measures to limit the effects of rising crude oil prices.
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China imports about 40% of its oil so of course we are affected, especially the industries that are high consumers of oil or that process oil products.
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China's high rate of bank savings, investment, robust market demand and abundant labor forces guarantee the rapid growth of the Chinese economy.
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China's overall crude oil consumption is about 8% or 9% of world consumption and per capita consumption is a little less. So we are affected (by high prices) but the degree that we are affected is limited.
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Everyone knows that during the 1970s the Japanese yen traded at 380 yen to the dollar and then appreciated to 110 yen per dollar. But Japan has all along enjoyed a trade surplus with the United States and their surplus went from US$10 billion at the time to over US$80 billion.
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Frankly, I don't think this coincidence will happen again.
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It is fundamentally normal but it is at the upper end of the potential growth range and we need to take note of it.
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It should arouse concern, and actually has aroused our attention.
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National economic and social development is upbeat, marked by fast yet stable economic growth.
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Prominent problems include a too prompt growth rate in fixed-asset investments and bank loans, which the country plans to adopt measures to tackle, as well as measures to ensure it keeps its steady economic growth.
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Prominent problems include too quick growth in fixed-asset investments and bank loans, which the country will adopt measures to tackle to ensure a steady and relatively fast economic expansion.
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Simply resorting to currency appreciation cannot solve the problem. This has been illustrated by Japan's case.
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