17 Quotes by Dong Tao

The biggest beneficiary of all this is the United States. Look, a Barbie doll costs $20 but China only gets about 35 cents of that.

The austerity program ... slowed bank loans and undermined the cash flows of weak developers. However, it did not do much to halt domestic hot money, which appears to be returning in full swing.

This is clearly not what the government expected.

In the past, it's a window to raise funds for Chinese companies. And, in the future, it might also be itself a destination for Chinese money abroad.

I don't think the world can tolerate such a massive surplus.

I do not believe that 0.9 percent is sustainable, especially given the price liberalization in areas such as gasoline and utilities.

This highlights a re-accelerating economy led by consumption and investment.

This is a landmark move for China, to partially open the door in its capital account. The significance of this, in my opinion, is perhaps greater than the exchange rate reform in July.