Hong Liang
Hong Liang
china confident currency driving economic economy financial last moved since
Since China moved on the currency last July, the economy has been charging along. China should feel comfortable and confident in driving through reforms. There has been no economic or financial turbulence.
adjustment central decisive early indeed investors policy strengthen
Such an early and decisive policy adjustment will indeed strengthen the credibility of the central bank, and give investors more confidence.
adjusting alone banks enhances incentive increases lending rate
Only adjusting the lending rate alone increases the banks' lending margin. Everything else being equal, it enhances banks incentive to lend.
growth market stronger
This is much stronger growth than the market expected.
food given government inflation last percent price room variable year
Last year, food price inflation was 38 percent and this year it's only 1.6 percent, so that's the one variable that has given the government a lot of room to liberalize prices.
extremely golden labor passed period plenty seeing supply uneducated workers
I think we've passed an inflection point. We're seeing an end to the golden period of extremely low-cost labor in China. There are plenty of workers, but the supply of uneducated workers is shrinking.