We expect growth in fixed investment to slow from 27 percent last year to 15 percent in 2004 and around 10 percent in 2005,
More Quotes from Qu Hongbin:
It's a challenging task but that shouldn't be an excuse for China not starting on it right now.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
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
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
Given the evidence of deteriorating investment efficiency, China needs to rebalance its growth by shifting away from investment toward consumption.
Qu Hongbin
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