It's a challenging task but that shouldn't be an excuse for China not starting on it right now.
More Quotes from Qu Hongbin:
You could say China is actually 20 percent richer than anybody initially thought.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
We need to read this with caution, this is largely a reflection of the Chinese New Year distortion, therefore we should not see it as a pick up in inflation.
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
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
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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