Quote of the week
January 25, 2016 Category Quote of the week, Weekly
“China has reached the point of no return – the country needs to deepen reforms to avoid the middle-income trap. We can no longer depend on investment; we need to rely on innovation and economic reforms to deliver the next wave of economic growth.”
Jiang Jianqing, Chairman of the Industrial and Commercial Bank of China (ICBC), quoted in the Shanghai Daily, January 23, 2016.
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