They are the biggest trading nation, they are one of the biggest receivers of capital flows. If you are going to be a global policy- making organization and leave a huge player outside the framework, you aren't going to have much credibility.
More Quotes from Nicholas Lardy:
China is looking to foreign companies, including Microsoft, as sources of technology.Nicholas Lardy
To really make this work, you have to close down some of the inefficient firms that are not going to be able to repay their debt to banks. To date, the state or the party has not had the will to shut down many of these firms.
Nicholas Lardy
There are many unanswered questions surrounding this case. China certainly hasn't helped the situation by giving so little information about what happened and denying he's a state employee.
Nicholas Lardy
The world oil market is very competitive and it is not clear what advantages cooperation could bring, particularly to the Chinese side since they are a much larger participant in the market.
Nicholas Lardy
I think a big move is very unlikely because the regime is very concerned about maintaining economic growth. I think short term the president and (U.S. Treasury Secretary John) Snow are not going to get what they want. Longer term, it could be a different story.
Nicholas Lardy
Readers Who Like This Quotation Also Like:
Based on Topics: Capital QuotesBased on Keywords: policy-
Marketers are out there trying to figure out how to get your money out of your child.
Maggie Gallagher
There is no such thing as accident; it is fate misnamed.
Napoleon Bonaparte
It seems that entertainment is what most excites us and what we value above everything else.
Carroll OConnor