The Ledger
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Zhu: Chinese EVs will remain attractive in the West despite 100% tariffs
“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.”
Ning Zhu: RMB's Share of Global Settlements Has Barely Grown in a Decade
“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.”
Zhu: US dollar took nearly a century to replace pound sterling
“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.”
Ning Zhu: Land Sales Are Biggest Revenue Source for Chinese Local Governments
“Land sales have become the biggest contribution to fiscal revenues to many local governments in China.”
Ning Zhu: China's GDP growth slowed from over 9% to roughly 5%
“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.”