Cheng Siwei Quotations

The absence of legal PE fund has undoubtedly hindered the development of VC industry in China.

We should gradually increase imports to reduce the large surplus between U.S.-China and gradually buy less U.S. debt. Holding so much foreign-exchange reserves exerts a great deal of pressure on our monetary policy.

Products made in China facilitate American lives from when people wake up in the morning and to the time they go to bed at night.

People's knowledge on PE fund has been widened over the past decade and the environment to run PE fund in China is getting mature.

The money we worked hard to earn is lent to foreign countries, allowing them to earn more money. This is not as good as us using the money to buy U.S. goods directly, which can effectively reduce the (trade) deficit.

The US people have enjoyed the cheap prices of made-in-China products.

The banking sector plays a key role in national economic development. We will make more efforts to attract strategic investors, improve management systems and enhance the risk management of banks.