Zheng Jingping State Quotations

Everyone knows that during the 1970s the Japanese yen traded at 380 yen to the dollar and then appreciated to 110 yen per dollar. But Japan has all along enjoyed a trade surplus with the United States and their surplus went from US$10 billion at the time to over US$80 billion.

Bank loans grew a bit faster in the first quarter, which has gained the attention of the State Council. Rapid expansion may boost the economy in the short term, but it will eventually lead to inflation and economic disorders and we should consider it seriously.