WHAT THEY SAY

NewsChina - - ECONOMY -

“Just as every out­stand­ing kid is backed by ex­cel­lent par­ents, wild kids have wild par­ents. Many par­ents don't re­al­ize that the eas­i­est way to spoil a child is set­ting no lim­its for them.” Chen Zhi­wen, edi­tor-in-chief of the ed­u­ca­tion por­tal www.eol.com, say­ing par­ents in­flu­ence how their chil­dren turn out, in a com­men­tary for fi­nan­cial por­tal Caixin

“I'm a down-to-earth doc­tor. Peo­ple will not know how ex­press de­liv­ery is con­nected with world his­tory un­til they've at­tained a high enough level [of ed­u­ca­tion].” Thirty-four-year-old doc­tor of his­tory Tan Chao re­spond­ing to peo­ple snip­ing about his eight-year ex­press de­liv­ery, which sup­ported his stud­ies, in an in­ter­view with Sina Weibo.

“It is pos­si­ble that farm­ers will de­sire to live in a big apart­ment as ur­ban peo­ple do, but whether or not such psy­cho­log­i­cal de­sires turn into prac­ti­cal de­mands de­pends on whether or not those mi­grant farm­ers' in­comes rise and whether or not they can af­ford such apart­ments.”

Renowned econ­o­mist Wu Jinglian say­ing that you can­not equate in­creas­ing ur­ban­iza­tion to pro­mot­ing con­sump­tion growth, at the lat­est China Eco­nomic Fo­rum held in He­bei Prov­ince.

“China's do­mes­tic mar­ket has sup­ported the man­u­fac­tur­ing in­dus­try far more than the ex­port mar­ket has... So, the US'S tar­iff in­crease on China's ex­ports will not ex­ert a big in­flu­ence on China's do­mes­tic sup­ply chain, no mat­ter how much bi­lat­eral ex­ports are dam­aged.” Zhang Zhi­wei, chief Chi­nese econ­o­mist of the Deutsche Bank, con­clud­ing in his re­cent re­port on the Sino-us trade con­flict that the US tar­iff in­creases on Chi­nese ex­ports will not push many sup­pli­ers to move out of China.

“What we should worry about in the AI era is not that ro­bots might be smarter than hu­mans, but that hu­mans' in­tel­li­gence might stop grow­ing.”

Jack Ma, founder of China’s big­gest on­line shop­ping web­site Alibaba, speak­ing at the 2018 World Ar­ti­fi­cial In­tel­li­gence Con­fer­ence held in Shang­hai in mid-septem­ber.

“A real tax cut should re­duce the rate of value-added tax or the busi­ness tax on en­ter­prises. Is it of any use to merely shout slo­gans?” Wei Sen, deputy di­rec­tor of School of Eco­nom­ics, Fu­dan Uni­ver­sity, point­ing out that the gov­ern­ment’s tax-cut mea­sures in re­cent years have had lit­tle ef­fect in eas­ing the bur­den on en­ter­prises, at the lat­est Chi­nese Eco­nomic Fo­rum held in He­bei Prov­ince.

“The key to dig­i­tiz­ing China's man­u­fac­tur­ing in­dus­try is to bal­ance the un­even level be­tween dif­fer­ent man­u­fac­tur­ers – we have to tai­lor the up­grade process based on the char­ac­ter­is­tics of the Chi­nese man­u­fac­tur­ing in­dus­try.” Wang Yu, cloud project di­rec­tor of tele­com gi­ant Huawei, talk­ing about the dif­fi­cul­ties of dig­i­tiz­ing a large num­ber of low-end Chi­nese man­u­fac­tur­ers, at the 2018 In­ter­na­tional In­dus­trial In­ter­net Con­fer­ence held in Shang­hai on Septem­ber 20.

“Many of­fi­cials are not clear about the logic of ad­min­is­tra­tion. They do not know that the right po­si­tion for the gov­ern­ment is nei­ther to be de­fi­cient nor to be ‘off­side.'”

Yao Yang, di­rec­tor of Na­tional School of De­vel­op­ment, Pek­ing Uni­ver­sity, talk­ing about how to im­prove gov­ern­ment ad­min­is­tra­tion, cited by the Bei­jing Daily.

“In in­dus­tries [mo­nop­o­lized by State en­ter­prises], many peo­ple are pre­tend­ing to work – as dis­cussed by Hun­gar­ian econ­o­mist Janos Kor­nai [known for his crit­i­cism of the com­mand econ­omy]. Those seem­ingly busy peo­ple en­joy a good life, but they don't ac­tu­ally cre­ate any value.”

Zhu Hai­jiu, a pro­fes­sor of the School of Eco­nom­ics, Zhe­jiang Gong­shang Uni­ver­sity, ar­gu­ing that ex­ploita­tion stems from power rather than cap­i­tal, writ­ing on isix­i­ang.com, a Chi­nese web­site for shar­ing aca­demic in­for­ma­tion and ex­chang­ing ideas.

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