Li Huiyong

Li Huiyong has been quoted 5 times. The two most recent articles where Li Huiyong has been quoted are China eyes broad business cost cuts to underpin growth and China new loans down sharply as bad debt worries mount. Most recently, Li Huiyong was quoted as having said, “Cutting costs will help improve firms' ability to cope with the impact of economic slowdown, shorten the period of economic adjustments and allow the economy to enter a new cycle.”.

Li Huiyong quotes

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China's economic recovery is still shaky, while the global economic situation is unstable, so raising open market rates is more appropriate than raising benchmark rates. It's a flexible tool, which can be easily reversed if China's economy shows signs weakness again.

Cutting costs will help improve firms' ability to cope with the impact of economic slowdown, shorten the period of economic adjustments and allow the economy to enter a new cycle.

Banks may have sought to slow down the pace of lending after rapid rises in Q1 and March. Also, it could be related to (recent) government controls on the property sector and tighter lending rules.

Fixed-asset investment growth picked up due to stronger real estate investment.

China's government is pushing forward the 'supply side' reform, and the move needs someone to pay the costs. A loosening monetary environment is what we need.

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