Quote of the month

Yi Gang.jpgChina’s future economic growth will definitely gradually slow down. The issue for China’s economy is the quality of growth, which is why we now have to carry out structural adjustment and transform our development model. The true meaning of this is raising the quality and efficiency of growth. So we should change our attitude, and be calmer.”

The above quote is from deputy Chinese central bank governor, Yi Gang. He is the latest Chinese leader to highlight that China’s economic model is changing from export-driven development. It corresponds with a note from IMD, the leading Business School, that points out 2010 represents the peak year in demographic terms for China’s working population.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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