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“In the old regime, I think when there is really prolonged and serious imbalance in trade, I think, I mean, if we use history as a benchmark, war is unfortunately the war that we would have to visit or revisit what that is when the two countries or countries, o…”

“Even though we're not happy enough with the US dollar as a restoration of value, there's really no other alternative we can put the money into. Of course, gold is one possibility, but the market is not deep or large enough.”

“Even if you levy a 100% tariff on new energy vehicles, China's new energy vehicles will still be very attractive in European market or maybe even in the States.”

“Look at the stock market in the US, and look at the housing market in China up until twenty-twenty-one. Yes, we don't have increase in inflation or the CPI for many countries, but then most of the money went into asset prices and the property prices. So in a w…”

“I think the introduction of a stable coin in the past, Couple of years, maybe solidifying solidifying US dollar's dominance in a way about RMB is not pushing as hard or as fast into that direction.”

“Borrowing from the experience, the successful experience of China, I think I would say to start the country, I would put more emphasis on efficiency than fairness. Which is not very easy to sell, but I think that's going to lift the country.”

“Whatever happened to South Korea or some other Southeast Asian countries during the financial crisis has taught China a lesson about a running deficit, maybe even a brief and concentrated period of time could open your country to vulnerability, which is a reas…”

“I think in terms of the total settlement for the whole world, R&B has not gone up a lot in the past decade or so.”

“And also, I mean, if you take it as an asset, I think there's always a market for that too, just from a pure motivation of diversification and hedging.”

“That being said, I think, I mean, the new growth engine, I mean, being the so-called new quality productive forces higher-end manufacturing new technology, AI, and high-end semiconductors are coming up pretty strongly.”

“So I think given all the things that's happening in the world, I think relatively speaking, U.S. Is probably still the safest.”

“The U S economy surpassed that of UK in around the But then U.S. Dollar did not totally replace starting until like almost a hundred years later. So it's a very long and gradual process and full of changes, apps announced.”

“Land sales have become the biggest contribution to fiscal revenues to many local governments in China.”

“I think for the first 10 years of this century, it was growing over nine percent, and for the past decade or so, it was around seven, and over the past five years, it's more around five.”

“China started its exchange rate reform about a decade ago, and then RMB went down in devaluation for about a 30%, but it has appreciated 10 to 15% since last summer.”

“Because in 2007, if I'm not mistaken, the balance sheet of the Fed is less than one trillion dollar. It was as high as almost nine trillion dollars, and now I think it's falling back to somewhere between six and seven.”