Zheng Jingping
Zheng Jingping
combined decline drop government gradual housing price result stable wants
The stable price drop combined with the gradual decline in housing investments, is what the government wants to result from its macro-control,
adopt bank country economic ensure fast growth include measures problems prominent quick relatively steady tackle
Prominent problems include too quick growth in fixed-asset investments and bank loans, which the country will adopt measures to tackle to ensure a steady and relatively fast economic expansion.
adopt bank country economic ensure growth include keeps measures plans problems prominent prompt rate steady
Prominent problems include a too prompt growth rate in fixed-asset investments and bank loans, which the country plans to adopt measures to tackle, as well as measures to ensure it keeps its steady economic growth.
advantage china cost last low period production surplus trade
The trade surplus in China may last for a period as China's advantage of low production cost still exists.
attach economic economy-and-economics importance protect resources
We need to attach importance to the sustainability of economic growth. We also need a better use of resources and to protect the environment.
happen
Frankly, I don't think this coincidence will happen again.
appreciation cannot currency simply solve
Simply resorting to currency appreciation cannot solve the problem. This has been illustrated by Japan's case.
affected crude degree high oil overall per
China's overall crude oil consumption is about 8% or 9% of world consumption and per capita consumption is a little less. So we are affected (by high prices) but the degree that we are affected is limited.
abundant bank chinese demand forces growth guarantee high labor market rapid rate robust
China's high rate of bank savings, investment, robust market demand and abundant labor forces guarantee the rapid growth of the Chinese economy.
china consumers course high imports industries oil process
China imports about 40% of its oil so of course we are affected, especially the industries that are high consumers of oil or that process oil products.
china crude effects limit measures oil rising
China has measures to limit the effects of rising crude oil prices.
control
We need to control the availability of credit.
assets bank call fixed growth investment problems prominent rapid
There are prominent problems that call for our attention, such as rapid growth of investment in fixed assets and of bank loans.
along billion dollar enjoyed japanese knows per states surplus time traded united
Everyone knows that during the 1970s the Japanese yen traded at 380 yen to the dollar and then appreciated to 110 yen per dollar. But Japan has all along enjoyed a trade surplus with the United States and their surplus went from US$10 billion at the time to over US$80 billion.