Qu Hongbin Quotes

You could say China is actually 20 percent richer than anybody initially thought. - Qu Hongbin

We need to read this with caution, this is largely a reflection of the Chinese New Year distortion, therefore we should not see it as a pick up in inflation. - Qu Hongbin

We expect growth in fixed investment to slow from 27 percent last year to 15 percent in 2004 and around 10 percent in 2005. - Qu Hongbin

This slowdown, together with new capacity, is likely to have a material impact on global demand for commodities over the next two years. - Qu Hongbin

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. - Qu Hongbin

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. - Qu Hongbin

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

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. - Qu Hongbin

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

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. - Qu Hongbin

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