Zheng Jingping
Zheng Jingping
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.
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.
control
We need to control the availability of credit.
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.
appreciation cannot currency simply solve
Simply resorting to currency appreciation cannot solve the problem. This has been illustrated by Japan's case.
affect along countries doubt economic relationship trade
There is no doubt that if the two countries do not get along it will affect the economic and trade relationship between them,
economic fast marked national social stable
National economic and social development is upbeat, marked by fast yet stable economic growth.
growth normal note potential range
It is fundamentally normal but it is at the upper end of the potential growth range and we need to take note of it.
happen
Frankly, I don't think this coincidence will happen again.
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.
cannot exchange letting problems rate rise simply solved trade
Trade problems cannot be solved simply by letting the exchange rate rise or fall.