Keyu Jin Quotes

Safety, liquidity, trade, denomination, financial services, I think that it's hard to match up with your words, but...

The [West's] market economy... consumers and enterprises connected through a financial system... the state plays a minor role.

We are focused too much on a financial story of yesterday. Now the dollar is the . The U.S. financial crisis is an aftermath. The financial history or... story of today and tomorrow is going to be about... China's . ...[W]hat is new, and I'm not sure the world is... prepared for it, is... a few firsts of an emerging country. 1) It is the first time a country with only 25% of GDP of the U.S. is leading in many core areas of technology. 2) It is the first time ever that the second largest economy is a middle-income superpower. That has enormous consequences for the... global financial arena. As we encourage China to open up more, are we prepared for, potentially the greater volatility, exchange rate volatility, s... [W]hat... is lacking... even though we've heard so many positive aspects... and I'm completely in agreement, is that China still lacks the micro-foundations in the financial industry, with many more speculators than s, and in that kind of situation, when China opens up completely, is the world ready to absorb the kind of shocks and volatility that even a little tremor of China can send shock waves to... the global economy. So I would pose it as, China's ready for opening up, but is the rest of the world?

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 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.

[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.

Entrepreneurs... balance... relationships with local officials... national policy directives, and... regulations...

[T]here's one fundamental misunderstanding about the Chinese from the American side... that China's sole goal is to try to overtake the U.S. That is not the Chinese aspiration. The Chinese people, with a billion people still trying to have a better life... It's overwhelmingly pragmatic. Chinese people... still think about getting an apartment in the cities and sending their kids to school... [T]hat is the ultimate source of legitimacy, also, for the party. When we talk about war and all that, it's about peace and stability, which is the best conditions to make that happen.

[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.

[T]hat a could be compatible... with capitalism... [and] socialism was a breakthrough...