Li Wei

We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Li Wei is associated, including China and growth. Most recently, Li Wei has been quoted saying: “In the last 30 years of reforms and opening up, China's gross domestic product has posted annual growth of around 10 percent. Against this, 6.5 percent is not high, but it will be very difficult to achieve this pace of growth.” in the article China will find it tough to achieve over 6.5 percent growth over 2016-2020 – state adviser.

Li Wei quotes

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Growth momentum in China has actually improved a little bit in the second half of the year, led by the improvement in the industrial sectors and also the financial market recovery [in] year-on-year growth terms. We think China's economy has entered this year, 2017, on a firmer footing.

In the last 30 years of reforms and opening up, China's gross domestic product has posted annual growth of around 10 percent. Against this, 6.5 percent is not high, but it will be very difficult to achieve this pace of growth.

My view is that political rhetoric is losing its effectiveness in boosting confidence and you need actual actions to boost growth.

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