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.
More Quotes from 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
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.
Qu Hongbin
You could say China is actually 20 percent richer than anybody initially thought.
Qu Hongbin
How Chinese exports perform is largely driven by external demand rather than the exchange rate,
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
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