The government has to spend more on education, healthcare and pensions to take the burden off individuals and give them more confidence to spend.
More Quotes from 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
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
You could say China is actually 20 percent richer than anybody initially thought.
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
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
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
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