16 Quotes by Qu Hongbin

There are various hidden uncertainties if we look at the main growth engines. Exports depend on external factors and it will be a big question as to whether China's exports can be a single flower blossoming if the world economy slows next year.

Simply because as a matter of fact China still has plenty of rural surplus laborers and people are talking about a magnitude of more than 200 million - so you know from national-wide point of view, there is plenty of labor supply there.

China's economy has so far performed better than people had expected. Export growth is also stronger than expected.

Given the evidence of deteriorating investment efficiency, China needs to rebalance its growth by shifting away from investment toward consumption.

We need to read this with caution, this is largely a reflection of the Chinese New Year distortion, therefore we should not see it as a pick up in inflation.

The government has to spend more on education, healthcare and pensions to take the burden off individuals and give them more confidence to spend.

The government should create more jobs in the manufacturing and service sectors as part of it ongoing campaign to reduce the country's rural population.

We expect growth in fixed investment to slow from 27 percent last year to 15 percent in 2004 and around 10 percent in 2005,

This slowdown, together with new capacity, is likely to have a material impact on global demand for commodities over the next two years,