Given the evidence of deteriorating investment efficiency, China needs to rebalance its growth by shifting away from investment toward consumption.
More Quotes from 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
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,
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 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
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
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