“South Wind”: When we are talking about the financial crisis, do you think the financial crisis does not exist in China, expansion of monetary policy when the Government introduced the time, you deny the need for stimulus, then what do you think now about whether the Chinese economy slowdown, when China suffered over the past financial crisis, the need to stimulate this discussion and the second concern? With or without the financial crisis, China’s economy had structural problems will lead to second bottom?
Xiaonian: I am not much on these hot issues of interest, such discussions are trifles. Academic debate these things, because they make a living, with the later Keynesian, economics of people considered a job, mixing bowls of rice to eat, analysis of economic situation, the government in a step by step, monetary policy, fiscal policy ah like how to operate, but these are not the Chinese economy and the world economy is the key.
The U.S. government engaged in an economic stimulus, how like now? Is the same as the second bottom. U.S. new home starts are now has a second bottom, second bottom after prices rise, unemployment is endemic. Obama to take the so-called Keynesian stimulus package, it acts like stimulants, are stronger than any drug, while patients not resolved the fundamental problems, the second bottom is inevitable. Keynesianism is the stop-gap measures, fever pour cold water, low temperature, the sauna, the body of the lesions do not ask what, as a quack.