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.
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.
consumed country economy impact increase means oil percent price public surely
The oil price increase surely will have impact on China's economy as 40 percent of oil consumed in the country is imported, ... especially on some sectors, like agricultural means of production, oil refinery and public transport. But the impact is limited.
continue control earlier earnestly fourth implement perform policies targets year
as long as we continue to earnestly implement the government's macroeconomic control policies and perform solidly in the fourth quarter, then the long-term targets we set earlier this year will be realized.
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.
continued develop economy good growth momentum rapid steady target towards
The nation's economy has continued to develop towards the target of macro-regulation as a good momentum of steady and rapid growth is maintained.
countries european japan union united
This is a characteristic that the United States, Japan and European Union countries do not have.
processing surplus trade
So there must be trade surplus in the processing trade.
attention bank bit boost consider disorders economic economy eventually expansion faster gained grew inflation lead loans rapid short state
Bank loans grew a bit faster in the first quarter, which has gained the attention of the State Council. Rapid expansion may boost the economy in the short term, but it will eventually lead to inflation and economic disorders and we should consider it seriously.
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.
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.