China has emphasized that they do not want to make the currency issue into a political issue, which means that China will continue to hold dialogue with trading partners to search for proper solutions, and the exchange rate is not necessarily the only means to do that,
More Quotes from 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
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
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 a challenging task but that shouldn't be an excuse for China not starting on it right now.
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
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.
Qu Hongbin
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