Dong Tao Quotations

China has become one of the forces lifting these two countries out of recession.

Within the investment data, government-sponsored infrastructure investment projects are in full swing. But the real story is the sharp rebound in the real-estate sector. The rise of property prices in second-tier cities has now evolved into a national event.

Will the government really hit the brakes? I doubt it. Much of the investment is following government instructions. It's in second- and third-tier cities. This is what the government wants. They've regained solid control over inflation.

We think that almost all central banks in the region are likely to take a breather from the rate hike cycle around the summer of 2006.

These are unprecedented surplus volumes, reflecting the structural changes of China becoming the factory of the world.

The Taiwan issue is miles ahead of any other agenda, as far as China is concerned. A reiteration of the one-China policy would be the minimum expectation from China. Any comments against the current movement would be considered a breakthrough.

The month-on-month numbers are just totally useless unless the seasonal factor has been applied.

This is economic revision makes the figure closer (to actual GDP), but still there is underestimation.

This is a day for celebration. But tomorrow when Hong Kong wakes up, it will still face structural challenges.

The biggest beneficiary of all this is the United States. Look, a Barbie doll costs $20 but China only gets about 35 cents of that.

The austerity program ... slowed bank loans and undermined the cash flows of weak developers. However, it did not do much to halt domestic hot money, which appears to be returning in full swing.

This is clearly not what the government expected.

In the past, it's a window to raise funds for Chinese companies. And, in the future, it might also be itself a destination for Chinese money abroad.

I don't think the world can tolerate such a massive surplus.

I do not believe that 0.9 percent is sustainable, especially given the price liberalization in areas such as gasoline and utilities.

This highlights a re-accelerating economy led by consumption and investment.

This is a landmark move for China, to partially open the door in its capital account. The significance of this, in my opinion, is perhaps greater than the exchange rate reform in July.