The hottest president of Carter, the biggest risk

2022-08-08
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President Carter: the biggest risk of China's reform is to choose the direction of development

President Carter: the biggest risk of China's reform is to choose the direction of development

China Construction machinery information

Guide: 2014 is known as the first year of China's comprehensively deepening reform. The new Chinese leaders stressed the decisive role of the market in economic reform and highlighted their determination to reform, but in view of the current economic situation at home and abroad, China's economic development still faces many challenges, and downward pressure is increasing. In this case, Phoenix

2014 is known as the first year of China's comprehensively deepening reform. The new Chinese leaders emphasized the decisive role of the market in economic reform and highlighted the determination of reform. However, given the current domestic and international economic situation, China's economic development still faces many challenges and downward pressure is increasing. In this case, Phoenix finance and economics has communicated with a number of global executives, presenting you with China's economic changes and trends in the eyes of outsiders

Edward, President and chief financial officer of caterpillar group LEP said that at present, the biggest risk of China's reform is that the government faces different development directions: on the one hand, the Chinese government hopes to strive to promote economic growth and provide more opportunities for the population in urbanization; But on the other hand, efforts must be made to control inflation for those who have completed urbanization

Phoenix Finance: can you introduce the company's development strategy in China in the next two years

Edward Lipp: it roughly includes five aspects: first, the development driven by local leaders. In China, commercial activities are usually guided by local governments; Second, systematic business models, including suppliers, manufacturers and traders; Third, the leadership has participated in the main business links, and there has been a successful precedent before; Fourth, make appropriate investment and ensure the reasonable income of shareholders; Fifth, it is also very important to actively participate in community activities. We have entered the Chinese market for 40 years, and we hope to participate in more active community activities and have our own influence

Phoenix finance and Economics: China is currently in the period of economic transformation. What areas do you think are very attractive for foreign investment

Edward Lepp: most people are talking about "low growth rate" of investment in China. I also learned that this year's GDP target is 7.5%, which is still a strong market, and we can see that it still attracts many investment opportunities. At present, the growth rate of China's real estate has slowed down, but there are still investment opportunities in clean energy and other fields, which may become a new development model that can last longer and meet relevant professional standards such as cj/t3012 (1) 993 cast iron manhole covers, cj/t121 (2) 000 recycled resin composite manhole covers and jc889 (2) 001 steel fiber concrete manhole covers

Phoenix finance and Economics: now there are some disputes about China's GDP growth target. Premier Li Keqiang pointed out the 7.5% GDP development target in the government work report. However, some people believe that China should not set a GDP target now; Do you think China should cancel the GDP target

Edward Lipp: it is wise for the Chinese government to attach more importance to quality than quantity in its GDP target. GDP growth is usually achieved through manufacturing. Some people believe that inflation will occur in China. In fact, inflation can be offset by improving labor productivity. High quality GDP growth can be achieved through the use of clean energy and sustainable urban development. I believe that economic growth will bring more opportunities and help achieve sustainable development

Phoenix Finance: what do you think is the biggest challenge facing China's economic development and reform? The outside world believes that China's reform is full of risks and may reduce the speed of economic development. How do you view China's economic prospects

Edward Lipp: I think the biggest risk is that the government faces different development directions: on the one hand, the Chinese government hopes to strive to promote economic growth and provide more opportunities for the population in urbanization; But on the other hand, efforts must be made to control inflation for those who have completed urbanization

I think the recent reform in China is taking the third way, that is, promoting economic growth on the premise of environmental friendliness

I think the challenge facing the Chinese government is to coordinate different development directions to achieve sustainable development. If I compare China today with China in the future, I can foresee that there will be a lot of development opportunities in China in the future. But I don't think things will go smoothly. Obviously, if we choose the development path in different directions, we may have a challenging period. This is why we focus on the above business model. With this help, we can get through this difficult period

Phoenix Finance: how do you think about the reform of the Shanghai Free Trade Zone in China and what effects will it produce

Edward Lepp: we believe that the Shanghai free trade zone is an early test of economic reform. I am glad to see the development of the Shanghai free trade zone. Its main feature is democracy, and it will permeate with the deepening of reform. So the fixture must be installed in a concave convex incubator to penetrate other parts of China. This is also similar to the model of our country. During the reform, pilot projects are set up first, and then successful experiences are copied

Phoenix finance and Economics: how do you think China's current economic reform has changed compared with 20 or 30 years ago? What is the biggest change

Edward Lepp: I think it is the opening of the capital market. The market economy has to be decided by the market. China first decided on an economic path, and then implemented it. In the past decade, the ability of the Chinese market has been confirmed. Of course, managing such a large economy is challenging, but I am still optimistic that the increase in the value of power has led to a process from large to small and then to large. China's current leaders' attention to the needs of all sectors of society is very beneficial to economic development

Phoenix Finance: at present, Chinese people complain deeply about smog. What are your suggestions for pollution control

Edward Lepp: we are proud to release the first China sustainable development report this year. Among them, we mentioned many suggestions for environmental sustainable development: restrictions on industrial waste, reuse of industrial wastewater, use of clean energy and safety protection of employees. Most of the experience can be applied to the current situation in China, which is a replica of some other countries. Science and technology will guide the use of clean energy and other environmental protection measures

the government should play a leading role in governing the environment, and enterprises should also make relevant cooperation

Phoenix finance and Economics: which industries and sectors in China do you think have great development potential in the coming years

now Edward Lepp: the construction industry will have long-term development, and the energy industry, especially clean energy, will also have considerable opportunities. With the reform of the capital market, other industries, including medical treatment and insurance, also have great prospects for development. We will also benefit a lot from it

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