Lou Jiwei Quotations

I need to make money. If I don't, I cannot survive.

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.

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.

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.

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.

There is a lot of risk in the tech sector.

Austerity policy without currency devaluation can only hamper economic growth.

We learned from this hearing that people hope the cutoff point should be even higher.

We will collect windfall-profit taxes in some monopolized sectors within two years.

Everyone knows the U.S. economy shouldn't be so reliant on consumption. More investments should be made.