Lou Jiwei
Lou Jiwei
Lou Jiwei, is a Chinese politician and Minister of Finance. Lou was Chairman and CEO of China Investment Corporation and formerly served as China's Vice Minister of Finance and as Vice-Governor of Guizhou...
NationalityChinese
ProfessionPolitician
Date of Birth1 December 1950
CountryChina
global limited main pillars second sluggish third
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.
banks central fiscal relationships scheme systems
In 2008, when Lehman Brothers collapsed, we anticipated that Europe was going to have a very different bailout scheme than the U.S. because of their different political systems and different relationships between the central banks and the fiscal authorities.
alone austerity cannot countries economic engage grow imperative indebted measures reform spur strong structural troubles work
Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.
risk tech
There is a lot of risk in the tech sector.
austerity currency economic hamper policy
Austerity policy without currency devaluation can only hamper economic growth.
adjustment care drop interests low number principle taxpayers
After the adjustment of the cutoff point, the number of taxpayers will drop by more than a half, approximately. It will live up to our legislative principle to care for the interests of low and medium-income groups.
boost fiscally
Infrastructure investment can boost economic growth and employment, and, in fact, it is fiscally neutral.
capable closer countries develop effective either enforcing euro exit governance mechanism strike structure troubled zone
The euro zone must strike for a better governance structure, and there is no alternative to that. Euro zone countries must either develop an exit mechanism for troubled members, or it should embrace a closer political union: an effective governance structure that is capable of enforcing rules.
money
I need to make money. If I don't, I cannot survive.