Thoughts from the Chairman: U.S.-China Economic Relations: The Propeller Needs Oil
September 24, 2015
That means it really matters to us how well China is doing in growing and reforming its economy.
Of course, no one cares more about China’s healthy economic growth than China. President Xi has underlined his agreement with the view expressed by China’s great leader of reform and opening up, Deng Xiaoping, who said: “not developing the economy and not improving the people’s livelihoods can only be a dead-end road.” Xi has emphasized the need to reform the economy comprehensively, including having the market play the decisive role. He also has warned his compatriots that it will not be sufficient to mouth the words of economic reform. Real measures must be taken; “actions are the most persuasive.”