The economic leg is much longer than the social leg in China. That's why the big new motto of the government is 'harmonious society'.
More Quotes from Dominic Barton:
Banks make up the bulk of the Chinese financial system. The problem is that there are too few insurance companies and mutual funds to offer the variety of products, services and risk profiles the economy needs to flourish.Dominic Barton
If the allocation of resources is not done properly, the market cannot function efficiently and it will ultimately hurt growth.
Dominic Barton
If you're one of the top ten banks, you have to be in the game, if only to understand it.
Dominic Barton
Readers Who Like This Quotation Also Like:
Based on Topics: Government QuotesWe believe in fair exchange rates and Japan doesn't practice that. They have massive U.S. dollar reserves, and they use them to intervene regularly.
Rick Wagoner
Is it honest for me to go and sit there on communion day and drink the wine and eat the bread while feeling it all to be mummery?
John Fiske
The Internet is no longer the kind of thing where only six guys in the world can build it. Now, you can write a couple of checks and get one of your own.
Paul Vixie