Zheng Jingping Economy Quotations

The oil price increase surely will have impact on China's economy as 40 percent of oil consumed in the country is imported, ... especially on some sectors, like agricultural means of production, oil refinery and public transport. But the impact is limited.

The key of our policy lies in preventing the (real estate) prices from surging too fast, instead of bringing down the prices abruptly, which is not in line with the law of economy or interests of the government and ordinary people.

Bank loans grew a bit faster in the first quarter, which has gained the attention of the State Council. Rapid expansion may boost the economy in the short term, but it will eventually lead to inflation and economic disorders and we should consider it seriously.

The economy should grow by about 9% or more, giving next year a good start.

We need to attach importance to the sustainability of economic growth. We also need a better use of resources and to protect the environment.

The nation's economy has continued to develop towards the target of macro-regulation as a good momentum of steady and rapid growth is maintained.