Quotes About China's Economy

#1. Contrary to what you might think, China's economy is relatively less efficient, and more polluting, than those of rich countries.

James Fallows

#2. There are three main pillars of China's economy. One is export, which is limited by sluggish global demand. The second is investment. In many sectors, there is already too much investment and overcapacity. The third is consumption.

Lou Jiwei

#3. Here are economies like China's economy where it's less than a tenth [of a percent] today, although it is growing, is quite small, because of the notion that the government takes care of everything, and Europe and China, philanthropy has not been nearly of the same scale.

Bill Gates

#4. The People's Bank of China (PBOC) said on its website it was lowering its benchmark, one-year lending rate by 25 basis points to 5.1 percent from May 11. It cut the benchmark deposit rate by the same amount to 2.25 percent. China's economy

Anonymous

#5. Deng Xiaoping made a calculation. He bet on demographics. What he knew was that China had this enormous population of young, underemployed people, people who he could move from the farms to the coast and put them to work in factories, and that would be the lifeblood of China's economy.

Evan Osnos

#6. China, as a nation, is a country under the one-party rule of the Communist Party, but it has introduced the market economy. As a country that is under the one-party rule of the Communist Party, normally what they should be seeking is equality of results.

Shinzo Abe

#7. If China wants to be a constructive, active player in the world economy, it's got to respect intellectual property rights or it makes it pretty impossible to do business with them.

Dan Glickman

#8. The question is what will Mitt Romney do as president if his policy is simply to be hands off and let the government be made so small it can be drowned in a bathtub. In the 21st century global economy, no state alone has the ability to compete against China.

Jennifer Granholm

#9. So in terms of the global economic footprint, let's just say China within the next decade and a bit is likely to emerge as the world's largest economy. Obviously its foreign policy and security policy footprint increases and that creates both challenges and opportunities for us all.

Kevin Rudd

#10. President Bush went out touting his economic record in Ohio last week. Now this is a state that lost 225,000 jobs since Bush took office. You know, if Bush wants to tout his record, he should do it somewhere where the Bush economy has actually created jobs, like India, or Thailand, or China.

Jay Leno

#11. While, politically, a mixed economy preserves the semblance of an organized society with a semblance of law and order, economically it is the equivalent of the chaos that had ruled China for centuries: a chaos of robber gangs looting-and draining-the productive elements of the country.

Ayn Rand

#12. In 1775 Asia accounted for 80 per cent of the world economy. The combined economies of India and China alone represented two-thirds of global production. In comparison, Europe was an economic dwarf.

Yuval Noah Harari

#13. We should be doing more business with China. We should be better connected to the Chinese economy.

George Osborne

#14. China is a BRIC country. BRIC country means Brazil, Russia, India and China. This emerging economy really is helping the revival of the world economy.

Michael Anti

#15. Probably in 2035 we will pass that mantle on to China. It will be the biggest economy in the world, and it will go way past us and way past India. Given the growth, the size, the opportunities, I don't think there's any other place in the world that can match it.

David Rubenstein

#16. Well, as you've said, we cannot expect the people of China not to want to progress, so if you have an opportunity to progress, to develop your economy to a world class economy, it's an aspiration that is natural and that, I welcome.

Sellapan Ramanathan

#17. I've been round Japan, Hong Kong, Korea, and China in the last few months and the message that I've been taking is that New Zealand is building an up market dynamic into a connected economy. And that we are not the old-fashioned, ship mutton kind of product the people associate their export in work.

Helen Clark

#18. On top of opportunities in further traffic growth, there are increasing opportunities to fully realize the potential of the online video ecosystem, as China continues to evolve into a consumer-driven economy.

Victor Koo

#19. China is crippling our manufacturing economy and eliminating our jobs by illegally flooding our markets.

Virginia Foxx

#20. The second is that the role of China trade in Japanese economy, important as it is, has often been exaggerated, as proven by our experience of the past 6 years.

Shigeru Yoshida

#21. If the IMF is correct (a big if), China will be the planet's No.1 economy by 2016. That means whoever's elected in November next year will be the last president of the United States to preside over the world's dominant economic power.

Mark Steyn

#22. China has made important contribution to the world economy in terms of total economic output and trade, and the RMB has played a role in the world economic development. But making the RMB an international currency will be a fairly long process.

Hu Jintao

#23. No single Tibetan dreaming return of previous sort of backwardness, therefore as far as economy development is concerned, Tibet remain within the People's Republic of China, we will get greater benefit.

Dalai Lama

#24. We can pretend that China is not there. But China is there, and unless we put our economy on the right track, it is going to overwhelm us completely.

Salman Khurshid

#25. China's energy is very much focused on coal, and the economy is very focused on heavy industry, which is carbon intensive, so restructuring won't be easy.

Ma Jun

#26. In a few minutes tea was brought. Very delicate was the china, very old the plate, very thin the bread-and-butter, and very small the lumps of sugar. Sugar was evidently Mrs. Jamieson's favourite economy.

Elizabeth Gaskell

#27. I can tell you exactly where the economy is going. It's going to China, Honduras, Guatemala, Cambodia, Vietnam, Cipan, and any other place where you can pay people peanuts and have them work like dogs.

Henry Rollins

#28. It remains to be seen, for example whether China can continue to develop as a market economy while still retaining an authoritarian communist political system.

Peter Dicken

#29. China is an old nation with a colourful history. Its booming economy has triggered an appetite and a curiosity around the world for its art and culture, one that continues to grow. I can, however, tell people that it is a show with no actor.

Ai Weiwei

#30. China has, all of a sudden, found a way of putting the best of the best to work to build an economy that is growing at 10% to 12% per year, and now India is following. And those changes and how quickly they've come out of this mess, how little debt they have, is really important.

Juan Enriquez

#31. President Bush has said that the economy is growing, that there are jobs out there. But you know, it's a long commute to China to get those jobs.

Tom Daschle

#32. Old Burmese (now Myanmar) proverb: Burmese proverb: Government is one of the five evils along with fire, floods, thieves and enemies.

Jeffrey Friedland

#33. For centuries, the Yangtze River - the longest in Asia - has played an important role in China's history, culture, and economy. The Yangtze is as quintessentially Chinese as the Nile is Egyptian or the Rhine is German. Many businesses use its name.

Rebecca MacKinnon

#34. The challenge to our national economies and the collective economy of Europe will become - with the growth of China and the continuing productivity growth of the US - even more intense in the decades to come.

John Hutton

#35. Pomeranz, K. (2000) The Great Divergence: China, Europe, and the making of the modern world economy, Princeton University Press, Princeton, NJ.

Jane Pollard

#36. Chinese experts noted that the U.S. economy has rebounded from the 2008 crash more strongly than some analysts here had expected, while China's own growth is slowing after several decades of rocket-ship acceleration.

David Ignatius

#37. Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China.

Adi Godrej

#38. The total economy of Latin America is bigger than China.

William Hague

#39. Today, being the biggest developing countries in the world, China and India are both committed to developing their economy and raising their people's living standards.

Li Peng

#40. In China, it was always said that a double-digit rate of growth would be dangerous. Now, the country has a growth rate of 6.9 percent and suddenly that is supposed to be a catastrophe for the global economy.

Wolfgang Schauble

#41. As the U.S. trade deficit, and the portion of that deficit attributed to China, continue to grow, our own economy is at risk of losing its reputation as a leader in world trade.

Jo Ann Emerson

#42. I don't expect the U.S. and China to get into a trade war simply because I think there are good people on both sides who realize that that's not in either economy's interest.

Glenn Hubbard

#43. We all know that China is industrializing at a growth rate of 8 to 10 percent per year. China is on track to pass the U.S. as the largest economy in the world in 20 to 25 years, and China is determined to give its people a chance at this high standard of living that we enjoy.

John Olver

#44. China is growing very quickly and is clearly becoming an important player in the world economy.

Ben Bernanke

#45. To balance China, the democracies will need new friends - and India with its fast-growing economy, youthful population, and democratic politics seems the obvious candidate.

David Frum

#46. Those who had the remaining jobs would have to buy the cheapest stuff possible with their drastically reduced wages, and in order for the manufacturers to keep that stuff cheap, it would have to be made by fifteen-year-olds in China.

Michael Moore

#47. You know, oil prices from 2007, on the strength of a very robust global economy and a very robust emerging China, many of you will recall, ramped up to near $150 a barrel. Then we had the financial - U.S. financial collapse. Oil prices collapsed all the way down to $40 a barrel.

Rex Tillerson

#48. This is official today. China has surpassed the U.S. and now has the No. 1 economy in the world. After hearing this, China's children asked, 'So now can we take a lunch break?'

Conan O'Brien

#49. As I've written before, China's ability to be the assembly line to the world wasn't where its role in the global economy ended; it was where it began. An ability to make products cheaper than anywhere else gave way to an ability to make high end products more nimbly than anywhere else.

Sarah Lacy

#50. We see China as a large market opportunity with similar cyclical economic cycles that occur throughout every economy.

Douglas Leone

#51. It's a good thing that it is getting simpler to register a company in China, it is good that the exchange rate of our currency is getting more flexible and that it's getting easier for Chinese businesspeople to travel. All of this opens up our economy.

Zhang Xin

#52. We have to make sure America writes the rules of the global economy, and we should do it today while our economy is in the position of global strength, because if we don't write the rules for trade around the world, guess what: China will.

Barack Obama

#53. People have put a lot of faith in the government's ability to get growth going in China. People have this, what I think, illusion that there are six people in China who really have their hand on every button. And what we're learning is, it's a very big economy and they're not that good at it.

David Wessel

#54. Even as China's growth slows, it will continue to be a powerhouse for the global economy.

George Osborne

#55. China today has the economy of a twenty-first-century economic superpower with a political regime little changed since the 1950s. Is this slow evolution in political institutions down to the concentration or the dispersion of power?

Matt Ridley

#56. The American consumer, even today, the weight of the American consumer in the global economy is China plus India doubled. So, it's tough to replace that.

Fareed Zakaria

#57. By 2060, India's economy is projected to be larger than China's because of its greater population growth. India is forecast to produce about one-quarter of world GDP from 2040 through the rest of this century.

Jeremy J. Siegel

#58. In the 'Nike Economy,' there are no standards, no borders and no rules. Clearly, the global economy isn't working for workers in China and Indonesia and Burma any more than it is for workers here in the United States.

John Sweeney

#59. China is a government-oriented economy. No one can say he can run his business entirely without government connections. Anybody who says that he or she can do things alone ... is a hypocrite.

Wang Jianlin

#60. The development-minded prime minister is looking for foreign capital and technology to boost India's economy. China's stock of direct investment of $400m in India is derisory - less than that of Belgium. Talk fills the Indian press of a 250-fold increase, to $100 billion in just a few years.

Anonymous

#61. This 21st century economy holds great promise for our people. But unless we give all Americans the skills they need to succeed, countries like India and China will take good-paying jobs that should be ours.

Harry Reid

#62. China is certainly an important player in the global economy, and a widespread AIDS epidemic would threaten that growth.

Bill Gates

#63. The Unites States is the largest developed country. Canada enjoys a flourishing economy and advanced technology. Mexico is an important developing country. China attaches great importance to the friendly cooperation with the three countries,.

Li Zhaoxing

#64. It is quite easy to understand what China would need from the African continent with regard to its own economy. It will be raw materials, oil, and a market for manufactured goods. It is not difficult to understand that, and it is perfectly legitimate, there is nothing wrong with that.

Thabo Mbeki