The Government Can Help, But We Need

Monetary Policy Itself Cannot Sensibly Be Directed At Reducing Imbalances.

There Is A Basic Lesson On Financial Crises That Governments Tend To Wait Too Long, Underestimate The Risks, Want To Do Too Little. And It Ultimately Gets Away From Them, And They End Up Spending More Money, Causing Much More Damage To The Economy.

In The Financial System We Have Today, With Less Risk Concentrated In Banks, The Probability Of Systemic Financial Crises May Be Lower Than In Traditional Bank-centered Financial Systems

We Believe In A Strong Dollar. Chinese Financial Assets Are Very Safe.

The Choice Is Between Which Mistake Is Easier To Correct: Underdoing It Or Overdoing It.