China needs to promote domestic demand to gradually change its development strategy that is currently orientated towards exports.
More Quotes from Chen Xingdong:
China has now entered the era where it will gradually have to lets its currency appreciate, unless China is able to make a substantial change to its capital account.Chen Xingdong
It could be number four it could be number five but it's almost the same as the UK's economic size.
Chen Xingdong
It would depend on the UK's GDP (last year). Number one the nominal GDP growth and number two the exchange rate of the British pound against the U.S. dollar.
Chen Xingdong
A 10 percent growth rate is inevitable, It's just like the growing process of a baby. Its necessary.
Chen Xingdong
It will definitely go past France, so for sure China is going to be the number five economy in the world.
Chen Xingdong
This is the first signal that the central bank is trying to tighten monetary policy.
Chen Xingdong
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