Quote

Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed financial derivatives to spread.

Wen Jiabao

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Wen Jiabao
Age: 82
Born: 1942
Born: September 15
Economist
Engineer
Geologist
Politician
Municipality of Tianjin
Jiabao Wen
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Spread
Savings
Rate
Regulation
Financial
Consumption
Characterised
Failure
Policies
Macro
Policy
Saving
Supervision
Economy
Innovation
Derivatives
Economic
Allowed
Economies
High
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Inappropriate

More quotes by Wen Jiabao

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Confidence is the most important thing, more important than gold or currency.
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Sino-Japanese relations will certainly brighten more in the future and the flowers of friendly Sino-Japanese relations will increase their beauty.
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I believe I and all the Chinese people have such a conviction that China will make continuous progress and the people's wishes for and needs for democracy and freedom are irresistible.
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Cooperation is just like two pagodas - one hardware and one software. Combined, we can take the leadership position in the world.
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I have a dream to provide every Chinese, especially children, sufficient milk each day.
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All political parties, organizations, and all people should abide by the constitution and laws without any exception. They must all act in accordance with the constitution and laws. I see that as a defining feature of modern political system development.
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China and other members should join efforts to combat serious infectious disease, such as bird flu. To enhance the cooperation on the prevention of bird flu is an important target of the organization, which includes Russia, China and four Central Asian states.
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Only when the masses are reassured, can the country be at peace. Only when the country is at peace, can the leaders be relieved.
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The speed of the fleet is not determined by the fastest vessel rather it is determined by the slowest one.
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If in a country, most of the wealth is concentrated in the hands of the few, then this country can hardly witness harmony and stability.
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As far as the U.S. economy is concerned, I always believe that the U.S. economy is solidly based, not only in a material sense, but more importantly, the United States has the strength of scientific and technological talent, and managerial expertise.
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Socialism as I understand it is a system of democracy. Without democracy, there is no socialism.
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Only science and the spirit of seeking truth from facts can save China. I firmly believe in this.
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More scientific language and less diplomatic rhetoric may make this world even better.
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As long I still have a breath left in me I will dedicate myself fully to China’s reform.
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China has established friendship with many African countries, and is opening itself up to Africa and providing assistance. It is cooperating with African countries on an equal basis and has no desire to colonize Africa.
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If people are able to run the affairs of a village well, eventually they’ll be able to run a township, and a county.
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