Cheng Siwei
Cheng Siwei
Cheng Siweiwas a Chinese economist, chemical engineer and politician. He was the Chairman of China Soft Science Research Association; President of the Chinese Society for Management Modernization; Director of the Research Center on Fictitious Economy and Data Science, Chinese Academy of Sciences; Dean of the School of Management of the Graduate University of the Chinese Academy of Sciences and Honorary President of East China University of Science and Technology...
buy deal gradually great holding imports increase large less monetary pressure reduce reserves surplus
We should gradually increase imports to reduce the large surplus between U.S.-China and gradually buy less U.S. debt. Holding so much foreign-exchange reserves exerts a great deal of pressure on our monetary policy.
bed china facilitate lives morning people products time wake
Products made in China facilitate American lives from when people wake up in the morning and to the time they go to bed at night.
china decade environment fund knowledge past run
People's knowledge on PE fund has been widened over the past decade and the environment to run PE fund in China is getting mature.
absence fund industry legal
The absence of legal PE fund has undoubtedly hindered the development of VC industry in China.
attract banking economic efforts enhance improve key management national plays risk role sector strategic systems
The banking sector plays a key role in national economic development. We will make more efforts to attract strategic investors, improve management systems and enhance the risk management of banks.
cheap enjoyed people prices
The US people have enjoyed the cheap prices of made-in-China products.
allowing buy earn foreign good goods hard lent money reduce using worked
The money we worked hard to earn is lent to foreign countries, allowing them to earn more money. This is not as good as us using the money to buy U.S. goods directly, which can effectively reduce the (trade) deficit.