Quotes & Sayings About China Economy

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

The global centre of power shifted to Europe only between 1750 and 1850, when Europeans humiliated the Asian powers in a series of wars and conquered large parts of Asia. By 1900 Europeans firmly controlled the world's economy and most of its territory. In 1950 western Europe and the United States together accounted for more than half of global production, whereas China's portion had been reduced to 5 per cent.4 — Yuval Noah Harari

What is common among all of these groups [Taliban, Islamic State etc.] is the intent to destroy. The majority of terrorists who come to Afghanistan are from China, Russia, Uzbekistan, Kazakhstan, Saudi Arabia, Pakistan or North Africa. They were expelled from their countries and pushed to ours - this is their battlefield - and all of them, be it the Taliban or others, are interlinked with the criminal economy. — Ashraf Ghani

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

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

Now, many Americans fear that China might grow too strong ... I'm more worried that America might be getting too weak. It's not bad for the United States if other nations have a strong economy. One fewer hungry-mouthed country wanting us to take care of it and its people is great news. If they have money, maybe they will buy the things we innovate and make. — Mike Huckabee

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

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

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

The total economy of Latin America is bigger than China. — William Hague

In the modern world, tariffs and similar restrictions on trade have been one source of friction among nations. But a far more troublesome source has been the far-reaching intervention of the state into the economy in such collectivist states as Hitler's Germany, Mussolini's Italy, and Franco's Spain, and especially the communist countries, from Russia and its satellites to China. — Milton Friedman

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

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

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

They'll [China] probably be a fully developed nation. The road there just is not going to be that easy. You're going from a macromanaged, top-down economy to a market-managed, micromanaged type of economy, with all the potential corruption issues, SOE [state-owned enterprise] reform, and market reform that come with it. — Jamie Dimon

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

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

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

Models are models - and the real world is different. For example, for the last three years the world economy has grown significantly, but emissions have stayed flat - which wasn't supposed to happen for decades. The commitments that nations made in Paris won't kick in until 2020, but many are already implementing their pledges and moving ahead of schedule. The Marrakech Climate Change Conference, around the time of the 2016 U.S. Elections, saw the rest of the world setting strong new goals, with Germany submitting a plan to cut its climate footprint by 95 percent, and twenty-nine new regional and local governments (many in China) committing to similarly deep emissions cuts. — Carl Pope

We should be doing more business with China. We should be better connected to the Chinese economy. — George Osborne

This strategy, which was then used as the template for the rest of the European periphery, turning the majority of European states into what I jokingly refer to as Bailoutistan, was always going to backfire on the European economy. Tim Geithner and Jack Lew, his successor in the US Treasury Department, understood this well. They shared the concern that what started in Greece in 2010, with the combination of an absurd bailout and a hideous level of austerity, has put Europe into a position that undermines America's recovery and threatens the prospects of China, Latin America, even India and Africa. — Yanis Varoufakis

I do not know what will happen in China politically. I do know that it is impossible to maintain the communist system or probably even a strict one-party system when the economy becomes so pluralistic. Now, what form that takes and what institutions will evolve, I do not have a clear view about. I do not think the United States, as a general principle, ought to intervene in this. — Henry A. Kissinger

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

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

The Chinese public is deeply nationalist, which matters to China's unelected political leadership as much as U.S. nationalism does to American politicians. As China becomes the world's largest economy, there is meaningful public pressure for its power status to advance in parallel. Any alternative would be humiliating. — Noah Feldman

Contrary to the general picture of the decline of Asia and the rise of the West, the Chinese economy was buoyant in the eighteenth century, developing its own local variations and with trade links across Southeast Asia. Silk, porcelain and tea from China continued to be in great demand in Europe (and in the American colonies) even though in 1760 the Chinese confined all Western traders to the port city of Canton. Tribute-paying neighbours as near as Burma, Nepal and Vietnam (and as far away as Java) upheld Beijing's solipsistic view that the Chinese emperor, presiding over the central kingdom of the world, had the right to rule 'all under heaven. — Pankaj Mishra

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

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

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

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

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

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

China is crippling our manufacturing economy and eliminating our jobs by illegally flooding our markets. — Virginia Foxx

I don't have my finger on the pulse of corruption in China, but I think most people on the ground would say that as China was emerging from communism, it was a very regulated society, and therefore, it was very corrupt. But as they have deregulated the economy, there just aren't as many opportunities for people to be corrupt. — Clayton Christensen

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

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

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

You cannot just depend on the market, because the market will say: China needs oil; China needs coal; China needs whatever, and Africa has got all these things in abundance. And we go there and get them, and the more we develop the Chinese economy, the larger the manufacturing is, the more we need global markets - sell it to the Africans which indeed might very well destroy whatever infant industries are trying to develop on the continent. That is what the market would do. — Thabo Mbeki

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

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

From China and India to Turkey and Brazil, when women have gotten access to education, to family planning and to a vital place in the economy, greater prosperity has followed. And when women are free to speak and learn, they temper the extremes of ideology and fanaticism and raise sons who are less likely to become human bombs. — David Horsey

There is no difference in a country between military, economic, and political affairs. It's useful for Business Insider to divide things that way. That's useful for a college program. But a country is a country. How do you understand China's economy without China's army? If you take these all into account you're ready to explain a question like, "How come the US doesn't have a debt problem?" — George Friedman

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

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

Our concerns about what we saw in Australia: an economy clearly tied to China has hitched its wagon to the tail of the tiger. In terms of the general complacency, what we heard over and over from investors and clients and potential clients is, 'yes, yes, there are some excesses, but the government will figure out a way.' — James Chanos

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

The fateful moment for the Chinese economy, crippled by central planning and collectivized production, was when Deng Xiaoping, China's long-term leader after Mao's death, announced that the country would pursue "Socialism with Chinese characteristics," which is to say a market economy under an authoritarian technocracy. This was in 1977, as good a year as any for marking the birth of modern China. Deng and his associates undertook a job akin to that of a political bomb squad, laboriously dismantling most of the economic ideology installed by Mao without blowing up political continuity at the same time. That they succeeded is in many ways the single most important political fact of contemporary China. — Clay Shirky

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

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

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

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

No society has succeeded in abolishing the distinction between ruler and ruled ... to be a ruler gives one special status and, usually, special privileges. During the Communist era, important officials in the Soviet Union had access to special shops selling delicacies unavailable to ordinary citizens; before China allowed capitalist enterprises in its economy, travelling by car was a luxury limited to tourists and those high in the party hierarchy Throughout the 'communist' nations, the abolition of the old ruling class was followed by the rise of a new class of party bosses and well-placed bureaucrats, whose behaviour and life-style came more and more to resemble that of their much-denounced predecessors. In the end, nobody believed in the system any more. That, couple with its inability to match the productivity of the less bureaucratically controlled, more egoistically driven capitalist economies, led to its downfall. — Peter Singer

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

It was good to launch the economy in the '50s. Japan did this; China did this; even South Korea did this. All the East Asians did this - import substitution. I think all countries followed import substitution in the '50s and in the '60s, but I think by the '70s, countries were getting out of that first phase of the strategy. — Jairam Ramesh

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

During the 1999 debate over Permanent Normal Trade Relations with China President Bill Clinton said, 'In opening the economy of China, the agreement will create unprecedented opportunities for American farmers, workers and companies to compete successfully in China's market. WRONG: Our trade deficit with China has increased from $83 billion in 2001 to a record breaking $342 billion in 2014. — Bernie Sanders

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

At some point, people may decide that the U.S. stock market has fallen enough. After all, the U.S. economy seems to be getting better, that what happens in China is not going to have that devastating effect on car sales here or how many people buy Apple phones or what happens at - how many people shop at Wal-Mart. — David Wessel

We see China as a large market opportunity with similar cyclical economic cycles that occur throughout every economy. — Douglas Leone

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

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

There's only one honest way to measure affluence; that's by comparing the capability of producing goods and services with the desire of people to enjoy them. It's a lousy, crooked trick to compare this society with China or some such place and then say we're affluent. It's a piece of intellectual crookery even to compare this economy with itself ten or twenty years ago. We should compare what we have with what we could have. — Louis O. Kelso

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

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

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

In China the largest denomination bill they have is 100 yen, and that's maybe $7. So here you have a whole economy working with only a $7 note as the largest denomination. The euro wants to get rid of the 500-euro bill just as the United States years ago got rid of the $1,000 bill because only the criminals used $1,000 bills. — Michael Hudson

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

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

A lot of Americans desperately want to believe that China is full of poor people who can't innovate, and the only goods they make are cheap, toxic rip-offs our Western brands. They want to believe the only reason the Chinese economy is surging is because the West wants cheap goods and China knows how to make them that way. — Sarah Lacy

China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia. — Milton Friedman

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

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

The economy is very sick. We're losing our jobs to China to Japan to every country. We're making horrible trade deals. We are losing jobs in this country. Hundreds and hundreds of thousands of jobs are being lost. And part of the reason is our taxes are so high in this country. I'm also cutting, you know they don't talk about that. — Donald Trump

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

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

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

China is growing very quickly and is clearly becoming an important player in the world economy. — Ben Bernanke

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

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

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

China's economy became more complex. By now there is a large number of small- and medium-sized companies that work quite differently from big, state-owned enterprises. They don't follow any long-term business plan and don't rent office space for years to come. They start out and need an office right away, for a week, a month or half a year, and they want to be among other entrepreneurs like themselves. — Zhang Xin

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

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

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

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

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

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

The rich fertility of China's plains and a culture of uncommon resilience and political acumen had enabled China to remain unified over much of a two-millennia period and to exercise considerable political, economic, and cultural influence - even when it was militarily weak by conventional standards. Its comparative advantage resided in the wealth of its economy, which produced goods that all of its neighbors desired. Shaped by these elements, the Chinese idea of world order differed markedly from the European experience based on a multiplicity of co-equal states. — Henry Kissinger

Without the participation of one fifth of the global population, without the endorsement of the world's second-largest economy, without the political will and security guarantee of this emerging power, international institutions and norms will be irrelevant and the legitimacy and credibility of their resolutions and arrangements will fall short of promise. — Wang Yizhou

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

Is it weird that when I see a cool t shirt or pick up a toothbrush or see a new car I don't think about the product itself? I think about the thousands of people and dollars to make it.

I think about how the retailer that took the risk to buy and resell it. Then I work backwards to the store costs, the distributer who got it there, the shipping company that brought it over from China, the factory workers that made it, the people that sourced the materials and the people that harvested the raw materials, and on and on..
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The global economy is amazing. Your $20 t-shirt is a freaking miracle. — Richie Norton

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

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