Stephen Greene
Stephen Greene
economy economy-and-economics fast growing growth looks thanks
As if China's economy was not growing fast enough, thanks to a statistical revision, growth in 2005 looks like being about 30 percent.
economy energy hit prices rises worry
The big worry is that these energy prices hit the economy all at once and CPI rises too quickly.
bigger chinese cited danger dangerous economy headed investment means percentage showing
It's all good. A bigger economy means all the dangerous ratios, such as investment as a percentage of G.D.P., all fall. And they are usually cited as showing that the Chinese economy is in danger or headed for a fall.
economy happiness happy loosen move policy target
This 2006 target is signaling they want to move back to 'neutral,' but also that they're happy to loosen policy if the economy does weaken.
behind economy momentum slow
The economy is like a supertanker. All these things should slow the economy down. But as a supertanker, it's got so much momentum behind it.
accounts capital carefully change china controls gradually lines reforming relaxing view
We do not view it as a change in policy. China is reforming its capital accounts - carefully and gradually relaxing controls on many of the 43 different lines of the capital account. We think this is the right way to do things.
against banks create definitely dollars expect freedom given margin market price soon traded yuan
As soon as we have market makers, banks will be given freedom to price dollars against yuan. They would definitely create a market. We expect the margin in which the yuan is traded will widen.
both expect increases market matures price rapidly system trading volatility
As the market making system matures -- and we expect it to rapidly -- we expect to see significant increases in both price volatility and trading volume.
believe serious
We believe this is a serious U.S.-dollar negative.
control overall quality slow
Most of all, they'd like to control the overall quality of growth, not to slow it down.
chance offended stop
If they know we may be offended by a programme, they have the chance to stop it. But they just keep going.
earn genuinely people plenty
Plenty of people in this organization earn more than me. I genuinely don't care,
disaster filth potential public relations
potential public relations disaster of profiting from filth and blasphemy.
catalyst feeling government major performance reflected share
Now their performance won't just be evaluated by the government - it'll be reflected in the share price. And there's a feeling that this will be a major catalyst for change.