“The U.S. has made other economies, including China, partly pay the bill for its recovery.”– Zhang Xiaoqiang, National Development and Reform Commission
“…the global economy is strapped stiff in the chariot of the U.S. dollar. The United States adopted quantitative easing policies and successfully levitated the inflation level on a global scale. The country needed the world’s help to solve its debt pressure. Its domestic economic growth can hardly free it from its debts.”-Ye Tan, National Business Daily
“More than 70% of our products are exported to the U.S. while the rest all go to Europe. Therefore, the depreciation of the U.S. dollar as a result of an economic recession will have a great effect on us. The only solution we can think of now is to produce high-end products. Buyers of these goods usually care less about prices.”-Zhou Mingwang, Yiwu Mingwang Jewelry Company
“The economic situation in the United States and Europe is not going to recover within two or three years, so we will probably reduce the proportion of exports to 50%.”-Zhang Guanjin, Shaoxing Jinyong Textile Company
“It’s like gambling, it’s hard to secure substantial, long-term profits. The only thing we can do is to transfer our factories to the inland regions to reduce costs.”-Chen Xi, Wenzhou Dongyi Shoes Company
“The economic development mode, which is highly dependent on high energy consumption, heavy pollution and resource exhaustion has reached its end in China.”-Dong Dengxin, Wuhan University of Science and Technology.
“We cannot count on the U.S. promise to ensure the security of our assets [reference to the U.S. debt China holds]. We should rely more on domestic demand and become stronger by ourselves. Don’t worry about any hard landing in China.”-Zhang Xiaojing, Chinese Academy of Social Sciences