Old Version
What they say

WHAT THEY SAY

“Young people should lead a more romantic life and not be overwhelmed by trivial matters in their 20s and 30s.”

By NewsChina Updated Aug.1

Young people should lead a more romantic life and not be overwhelmed by trivial matters in their 20s and 30s.”  

Chen Zhiwu, former professor of finance at Yale University, in a recent interview with NetEase News, saying that Chinese parents interfere in their children’s marriages so much that their attitudes toward love have become increasingly utilitarian

“ China-US relations are now mired in an abnormal climate. The extreme anxiety of the US side is completely unnecessary. For China, the overriding task is to develop its economy to live up to Chinese people’s aspiration for a better life. If the United States continues to define the China-US relations as major-country competition and set its policy objective toward a zero-sum game, it will drag the two countries into a state of confrontation and conflict, and push the world into division and turbulence.”  

Chinese State Councilor and Foreign Minister Wang Yi delivering a video speech at the symposium “Kissinger and China-US Relations” held on May 31 as quoted by the Xinhua News Agency

“For counties where people are flowing in, we should help them better integrate with neighboring metropolises based on economic development trends, while for those where people are leaving, we have to find a new space for development that complies with the population decrease rather than expand indiscriminately.”  

Lu Ming, professor at Shanghai Jiao Tong University, on differentiated development for urbanization that focuses on county development, a new policy issued by the central government in May

“Whether the green transition will lead to inflation is the real question. Perhaps it will. However, the green price premium can be reduced quickly with very rapid technological innovation.”  

Yi Gang, president of the People’s Bank of China during the 2022 Green Swan Conference from May 31 to June 1, saying that the key to promoting the green transition while keeping stable prices is the carbon price

“An important way to narrow the income gap and realize common prosperity is to enable people to earn more property income. Even ordinary workers should have income streams from investment besides wages.”  

Huang Qifan, chair professor at Chongqing University and former mayor of Chongqing, at the latest Tsinghua PBCSF Chief Economist Forum held in Beijing on May 14 

“Influenced by over two years of Covid and pandemic restrictions, many ordinary families, especially medium and low-income ones, have had to deplete their savings. That is why consumption in both counties and cities plunged.”  

Renowned economist Lin Yifu suggesting the government grant each family in lockdown affected areas 1,000 yuan (US$150) in stimulus funds at an economic forum held by the National School of Development, Peking University on May 18  

“Enterprises face greater operational difficulties and have little demand for investment and financing. Even though they have money, they are not willing to invest. Even though loan rates are low, they are not willing to borrow. The same goes for people. No matter whether they have money, they have no desire to buy a car or an apartment. We see negative growth in home mortgages, consumption and business loans. Among them, personal mortgage loans have experienced China’s second ‘net repayment’ in history, which is a very clear signal of people’s overall deleveraging.”  

Wang Jun, member of China Chief Economist Forum, appealing for government-led stimulus of consumption in an article for financial magazine Caijing in late May  

“GDP growth can not replace such anxiety [about children’s education] which is spreading throughout society. No matter how fast our GDP per capita grows, it cannot dispel such anxiety... If we do not address the problem, Chinese families and their children will lead a very low-quality life which also cannot be compensated by GDP per capita growth.”  

Yao Yang, professor at the National School of Development, Peking University (PKU), opposing the placement of Chinese students into vocational schools, which are stigmatized as a last resort for poor performance students, through the national high school entrance exam, at a recent forum on education at PKU on May 13  

“The first and foremost task for both countries is to run their own affairs well and become better selves... This is just like a golf player who only wants to improve his own game, not beat other players.”  

Qin Gang, Chinese Ambassador to the US, delivering a speech about Sino-US relationship at the Asia Society Texas Center on June 3

Print