Famous quotes
Quotes by famous people, credited to who said them. Your own quotes must not match any of these. More are added all the time. 1,158,269 quotes Who coined it · How we decide
EnglishItalianoPolskiעבריתFrançaisPortuguêsفارسیEspañol中文РусскийDeutschالعربيةहिन्दी日本語ΕλληνικάLatina
Keyu Jin
70 quotes
“China wants to shift its production structure, but imbalances in... trade is not just a commercial policy. It's... an imbalance between s and investment, and it's not just due to the currency or trade policies that will solve these imbalances.”
“Safety, liquidity, trade, denomination, financial services, I think that it's hard to match up with your words, but...”
“That requires global coordination and the role of the US.”
“Unless we're making the argument of "Let's leave three quarters of the people in the world living in abject poverty." I do not see any legitimate rationale behind trying to limit China's growth or trying to oust China from the global supply chain.”
“[T]he backward homeland of my childhood has become the world’s second-largest economy... massive new cities... astonishing technological wonders. Yet... the world is... asking the same questions... comparing China to former Communist... autocratic... repressive regimes.”
“The rule of law, sound corporate governance, and intellectual property protection... have been weak... Yet... China... succeeded.”
“[F]or those who think that China’s all-powerful political party and numerous s (SOEs) point to a state-dominated economy, consider... [T]he ... accounts for... 60 percent of national output, 70 percent of the nation’s wealth, and 80 percent of urban employment. Thirty years ago, it was the other way around.”
“Only by fully grasping the new China model... can we... appreciate how different it is from pure capitalism or socialism.”
“Deng Xiaoping... once remarked that it does not matter whether a cat is black or white, so long as it catches mice. He... put an end to the... debate about the superiority of socialism and capitalism...”
“[T]hat a could be compatible... with capitalism... [and] socialism was a breakthrough...”
“[I]ts model... embodies a... blend of the state and... market economy, striking a balance between state and industry, coordination and market incentives, communalism and individualism.”
“The [West's] market economy... consumers and enterprises connected through a financial system... the state plays a minor role.”
“In China, the confluence of consumers, enterprises, and... state (which exerts significant power...) ...[is] a hybrid... of... market and "mayor" economies... [T]he Chinese state... has... more tools and instruments... mandates and objectives to mobilize collective action in service of... goals. ...[I]t can ...impose mandates and ...punishment.”
“China’s political centralization is paired with economic decentralization. ...The "mayors" are... equity stakeholders of their jurisdiction. ...[M]arriage of local Officials and ...entrepreneurs is how China reformed, industrialized, urbanized, and ...innovates.”
“China has strong state capacity and weak institutions... advanced countries... have strong formal institutions but state capacity is... eroding.”
“[[Capitalism|[C]apitalism]]’s... virtue... property rights protection and competition... are... weak in socialist systems...”
“[I]n China, innovation and have been defining features... despite socialist characteristics... It has found a way to combine private and state forces...”
“Western economies... “nudging” s to do the ly optimal thing... have difficulty succeeding. In China... changes can be enacted quickly, with little political opposition.”
“Chinese households... make decisions on a collective... basis... a rich network of intergenerational relationships and duties... often... above... .”
“Entrepreneurs... balance... relationships with local officials... national policy directives, and... regulations...”
“Chinese state... power... [and unparalleled] instruments... can... steer, manage, and push the economy... any direction. ...Policy directives, rules, and regulations can be set with little political obstruction. The state can scrap old rules and make new ones overnight... granting or denying... approvals and licenses, or leveraging the to serve a... goal. ...Internal controls and competition curb corruption. ...[C]ivic society holds ...government ...accountable ...Social media ...embodies a two-way monitoring platform ...”
“China’s investment in ... 40 percent... of GDP... for a country... halfway through... urbanization... may not be high....”
“93 percent of Chinese... value security over freedom, as compared to... 28 percent of Americans.”
“In China, an interventionist state is rooted in , a hallmark... since Confucian times... intervention by a senior... is justified if it benefits a junior... This helps explain the... government... [urge] to steer the economy rather than just... markets... [a]nd... provides a rationale... to liberalize slowly... avoiding... risks, in contrast to... former Soviet bloc economies.”
“[T]he Chinese... try to balance obligation and deference with free will.”
“... indicates... 95 percent of Chinese... had... confidence in... government, compared to 33 percent in the US and 45 percent... in the rest of the world. As of 2022... 91 percent, compared to 39 percent in the US. ...[S]atisfaction levels tend to be lower for s.”
“Chinese citizens expect... government to take... large roles... and do not see interventions as infringements on liberty.”
“The same approach applied to... acquire technology. In its rush to modernize... substandard products, copying and counterfeiting, and investments... with little... efficiency and consequence.”
“COVID-19... in early 2020 China chose to save lives and forsake economic output... the West... swinging the other direction.”
“China’s economy faces major challenges... Catch-up growth is... different from innovation-based growth.”
“The apparatus... effective in mobilizing... technology like electric vehicles and clean energy has... produced excess... steel and s... to flood... markets...”
“A wise state needs to know when to recede... loosen its control and let the economy ride its... ebbs and flows. It needs to guide with a lighter hand... and greater skill, especially in this... era of knowledge and information.”
“Its rising middle-income group and new generation of s place... demands on civil society and standards of living... a burgeoning emphasis on improving the softer metrics... a cleaner environment... ... . Its new model... slower... saner... growth—more orderly, regulated, and monitored.”
“There is a growing consciousness... what is economically efficient may not be socially desirable... economic success does not... guarantee a nation’s... ... China will strive to move beyond socialism['s] shortages and capitalism['s] inequality.”
“[[Youth|[Y]oung people]] are big spenders, prodigious borrowers... the potential to unleash trillions... into the global economy... [t]hey are... more open-minded and socially conscious... However, ...less suited to Western-style democracy ...[D]eeply layered in the national psyche ...steeped in their ...culture ...traditions, and rooted in their ...communities ...ushering in an era of economic... without political liberalization...”
“But... the next generation of leaders... more educated and fluent with diverse cultures, are... equipped to bridge the gap between... worldviews. ... US education has opened their eyes to... virtues of an open... if not a wholly free society. Their desire to question... challenge... pursue the truth, and to push back against injustice will have important implications...”
“Extended skirmishes, export bans of semiconductors, and s are reinforcing China’s... course... to attain self-reliance.”
“[[w:Self-sustainability|[S]elf-sufficiency]] without... global engagement is... dangerous... in a world where prosperity and technological proficiency are... network based and interdependent. When economic interlinkages snap, everyone loses, especially the vulnerable.”
“[W]e can... do our best to rise above... sensationalism, stereotypes, and es. Only then can we engage with China in a measured... effective way, critique... and ask good questions. Until we do... we will... get China wrong... when... common purpose has become crucial to addressing... existential threats...”
“[T]here are still... 870 million people with a monthly income below RMB 2000 (...US$300) ...yet to join the four hundred million in the middle-income group ...by Chinese standards ...RMB 2000—5000—far below the advanced-economy average. ...[A]n enlarged middle-income group ...is the only way to truly bolster China’s consumption engine.”
“There is... room for convergence. China’s productivity level is... only a fraction of the US... China’s share of labor force with a college degree is... smaller than... in South Africa and Brazil, and way below rich countries.”
“Reforming the system... would allow the flow of talent across regions... improve... allocation of labor... [and] reduce regional disparities.”
“China has made the... quantum leap... from US$380 to US$10,000... over... four decades. The second... is to go from US$10,000 to US$30,000... [M]uch... speed of China’s achievement can be ascribed to catching up. But unqualified success... will be... when... 1.4 billion... reach... high-income status, particularly... in a political environment... antithetical to... Western conventional wisdom. ...[H]alf of the most prosperous people in the world... living under Communist rule—not... predicted... when the Berlin Wall fell.”
“[[Innovation|[I]nnovation]] has... become... one of the highest forms of... glory. And it is [China's] only... hope of becoming the foremost economic power of the twenty-first century.”
“[B]ooms and busts is a natural feature of market economies. In the last 40 years China has really never had a bust. ...[B]ust cycles also oust less productive firms and provides exit mechanisms, and that creative destruction... is one of the bright spots... of the situation.”
“China's suffering from a severe deficit in demand because of low wage growth, scarring effects of the pandemic and... the real estate. But... because of China's size today, growing at 3% to 4% even, is not a bad thing. If India grows 4 percentage points faster than China from now until 2030, China's still going to contribute $130 trillion dollars of additional GDP more than India... to the world.”
“Coming back to the trade challenges... We're seeing in the data that trade is simply being re-routed... from countries like Vietnam and Mexico, but... the ultimate demand and suppliers for that is... still the U.S. and China. It's... taking a longer route... that's going to increase trade cost, and... some Chinese companies... have also set up factories in Mexico and... Vietnam to... circumvent some of these... trade barriers, but it still has to come ultimately from countries like the U.S. and China.”
“In so many ways China is in transition, and... requires a bit of patience, whether it's real estate, or debt, or ...”
“At the core... the U.S. China competition is about the China... development model, Chinese aspirations and most of all, Chinese technology, or technological competition. ...[I]t's as bad as it is because of a lack of mutual trust and very different world vision, values and culture, which I think we underappreciate.”
“President Xi recently said, We hope that America would be prosperous, and hope that the U.S. would wish China to be more prosperous as well. I think that does send a message, but I do think that the two countries are recalibrating the relationship, learning from what has happened. I don't... think there's a set, specific idea of how it's going to look...”