China economy

Wu Qiang_

Inserted 1 year ago

“Often, the heads of different departments and companies attend one meeting in the morning about enhancing dynamic zero, and then in the afternoon a meeting about economic growth. The tensions are within Xi's own model for governing the country. The tensions really arise from him.”

Nytimes

Independent political commentator in Beijing

11 Jul 2022 3 4

Yang Weimin

Inserted 1 year ago

“Uncertainty is the main factor hurting our national economic development. Uncertainty is the great enemy of action.”

Nytimes

Economist who advises the Chinese government

30 Jun 2022 2 1

Dan Wang

Inserted 1 year ago

“I'm very worried where this is going because the current lockdown in Shanghai has been looking like it is going to end after this May holiday which means most people can probably walk around their neighbourhoods but for most factories around the East coast they are not in a very good condition. Taking notice of what is happening in Shanghai, many other cities are taking precautionary measures - even with one COVID case a whole city can be locked down. We might be looking at a situation where 30 cities might be locked down simultaneously. That is hugely disruptive to the supply chain.”

Aljazeera

Chief economist at Hang Seng Bank

30 Apr 2022 4 3

Tommy Wu

Inserted 2 years ago

“We expect a stronger macro policy response in the second quarter to shore up growth, but the impact will be limited in the context of restricted mobility. The effectiveness of policy stimulus will depend on whether mobility will still be restricted in a broad scale, so risks to the outlook remain skewed to the downside.”

Aljazeera

Lead China economist at Oxford Economics in Hong Kong

18 Apr 2022 3 2

Daniel Rosen

Inserted 2 years ago

“A slowing Chinese economy will negatively impact many economies that have remained dependent on China for export growth, such as Germany and South Korea. A slowing China means greater capital flows to the U.S. and Europe as well. China's slowdown is structural, and the result of middle-income status economic challenges, as well as the limits of debt- and property-driven growth. These problems will take considerable time to solve, and only a very clear signal of turning away from political intervention and back toward private market forces can restore China's potential.”

Koreatimes

Partner at New York-based research provider Rhodium Group and a China analyst

11 Feb 2022 7 4

Iris Pang

Inserted 2 years ago

“The key factors in our GDP growth forecast include COVID-19's impact on domestic demand, as well as overseas demand; the tightness of the supply chain, such as via high freight costs and the shortage of semiconductor chips. The property market is now undergoing massive M&As [Mergers and acquisitions], and the main potential buyers should be state-owned developers. We expect proactive fiscal policies, such as building more infrastructure projects and loosening monetary policies through cutting interest rates, to support the economy.”

Koreatimes

ING's chief economist for Greater China

11 Feb 2022 9 3

Ryan Hass

Inserted 2 years ago

“Commodity dependent exporters will be hit hardest by China's shift, and countries with greater diversification will be able to weather the shift with relatively less impact. Resource-rich African states could feel the effects most sharply.”

Aljazeera

Brookings scholar on China and Asia

29 Dec 2021 3 3

Michael Pettis

Inserted 2 years ago

“It will have pretty substantial external implications. And those might play out for years to come. China has the world's highest number of billionaires but some 600 million citizens survive on an annual per capita income barely above $1,600. A rebalance by China is almost certain to lead to slower growth rates during the transition.”

Aljazeera

Senior Fellow at the Carnegie-Tsinghua Center and a professor of finance at Peking University

29 Dec 2021 3 3

Shehzad Qazi

Inserted 2 years ago

“The regulatory crackdowns are part of a broader paradigm shift that has taken place in how Beijing is approaching its economic policy and management. This includes acknowledging that China's old debt-fueled, investment-heavy growth model has run out of road. The new paradigm prioritises national security concerns, especially as far as data is concerned, and brings increased attention to socioeconomic trends, such as inequality that can cause instability and threaten the Party's control.”

Aljazeera

Managing director of China Beige Book International

26 Dec 2021 8 2

Kyle Jaros

Inserted 2 years ago

“This has meant cutting people such as Alibaba's Jack Ma down to size, forcing the private sector to demonstrate obeisance - as with Tencent's Pony Ma and Xiaomi's Lei Jun - and demonstrating that the party-state has the right to set both technical standards and moral parameters for business activity.”

Aljazeera

Associate professor of global affairs at the University of Notre Dame

26 Dec 2021 7 2

Trey McArver

Inserted 2 years ago

“For companies, this means that their job is no longer to make money, but instead to contribute to societal goods. Where companies are not seen doing that, they will face swift regulatory action.”

Aljazeera

Analyst at Trivium China

26 Dec 2021 4 2

Hui Jianqiang

Inserted 2 years ago

“The central government's requirement that developers reduce the size of their debts, combined with slack housing sales, means more defaults are likely. Such incidents will be isolated, and the overall picture of the industry remains sound.”

Globaltimes

Research director with real estate information provider China Real Estate Appraisal

26 Oct 2021 3 3

Tian Yun

Inserted 2 years ago

“The strong growth momentum in China's exports showed that China-made products will grow increasingly competitive on the global markets. This in turn showed that China's industrialization level and manufacturing standards are upgrading, as the country planned. This is something that we hope to see as China marches toward its 2035 development target. And from this perspective, I don't think there's too much to worry (about China's economy).”

Globaltimes

Former vice director of the Beijing Economic Operation Association

18 Oct 2021 3 4

Hu Qimu

Inserted 2 years ago

“Considering China's GDP growth had a climbing trend last year, it is very normal that growth slopes down gradually on that basis this year. So far, China's GDP growth is suitable.”

Globaltimes

Chief research fellow at the Sinosteel Economic Research Institute

18 Oct 2021 1 4

Victor Gao

Inserted 2 years ago

“The latest data was on the lower side but added that China remained confident it could reach growth of about 8 percent for the year. That would make China one of, if not the, best performers among the larger economies in the world.”

Aljazeera

Vice president of the Center for China and Globalization in Beijing

18 Oct 2021 1 2

Louis Kuijs

Inserted 2 years ago

“Growth was dragged down by a slowdown in real estate, amplified recently by spillover from Evergrande's travails. In response to the ugly growth numbers we expect in coming months, we think policymakers will take more steps to shore up growth, including accelerating infrastructure development and relaxing some aspects of overall credit and real estate policies.”

Aljazeera

Oxford Economics’ head of Asia economics

18 Oct 2021 4 4

Fu Linghui

Inserted 2 years ago

“We must note that current international environment uncertainties are mounting and the domestic economic recovery is still unstable and uneven.”

Aljazeera

Spokesman of the China National Bureau of Statistics (NBS)

18 Oct 2021 2 2

Vladimir Putin

Inserted 2 years ago

“What the leader of the People's Republic of China have been saying you might have noticed that in one of the latest speeches where I have personally been present that was an international event in the framework of the UN where I've been present and I remember that president Xi [Xi Jinping] was saying that the People's Republic of China has no plans to use military power to resolve any type of problems or conflicts that was more or less his statement that's the first thing I wanted to say. Secondly as far as I understand the Chinese philosophy regarding the philosophy of statehood and state management it does not include use of force and thirdly I think China does not need to use force. China is a huge powerful economy and in terms of purchasing parity China is the economy number one in the world ahead of the United States now. And by increasing this economic potential China is capable of implementing its national objectives.”

Youtube

President of Russia

14 Oct 2021 6 5

Vladimir Putin

Inserted 2 years ago

“I think China does not need to use force [to achieve its desired reunification with Taiwan]. China is a huge powerful economy, and in terms of purchasing parity, China is the economy number one in the world ahead of the United States now. By increasing this economic potential, China is capable of implementing its national objectives. I do not see any threats.”

Cnbc

President of Russia

13 Oct 2021 4 6

Global Times

Inserted 2 years ago

“The China-US trade war has lasted for more than three and a half years. Instead of being weakened, China's economy has taken a step forward in comparison with the scale of the US. The Chinese people are more confident and their stamina continues to increase. We are clearly aware that all this is the basis for the US to consider using non-trade war coercive methods to discuss issues with China.”

Globaltimes

Editorial piece

05 Oct 2021 4 3

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“Often, the heads of different departments and companies attend one meeting in the morning about enhancing dynamic zero, and then in the afternoon a meeting about economic growth. The tensions are within Xi's own model for governing the country. The tensions really arise from him.”

“Uncertainty is the main factor hurting our national economic development. Uncertainty is the great enemy of action.”

“Commodity dependent exporters will be hit hardest by China's shift, and countries with greater diversification will be able to weather the shift with relatively less impact. Resource-rich African states could feel the effects most sharply.”

“For companies, this means that their job is no longer to make money, but instead to contribute to societal goods. Where companies are not seen doing that, they will face swift regulatory action.”

“The central government's requirement that developers reduce the size of their debts, combined with slack housing sales, means more defaults are likely. Such incidents will be isolated, and the overall picture of the industry remains sound.”

“Considering China's GDP growth had a climbing trend last year, it is very normal that growth slopes down gradually on that basis this year. So far, China's GDP growth is suitable.”

“The latest data was on the lower side but added that China remained confident it could reach growth of about 8 percent for the year. That would make China one of, if not the, best performers among the larger economies in the world.”

“We must note that current international environment uncertainties are mounting and the domestic economic recovery is still unstable and uneven.”

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