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The China Risk: What Leaders in Davos say About it

By on January 21, 2016

DAVOS, Switzerland – Worries over China’s economic future have dominated many of the talks at the World Economic Forum in Davos, Switzerland. Here are some of the top quotes of the day.

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“China has the confidence and capacity to maintain medium to high growth.”

-Li Yuanchao, Vice-President of China, on how the government will support the economy while it shifts its focus from manufacturing toward more consumer spending.

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“There is a communication issue.”

-Christine Lagarde, managing director of the International Monetary Fund, on the trouble China has had in telling investors how it intends to manage financial markets.

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“The real question is: ‘Are they prepared to follow through on an agenda they charted out?'”

-US Treasury Secretary Jack Lew on China’s promise to make its markets more open and reform its economy.

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“There are no loose cannons that are going to be running China … The commitment to market reforms is a very real commitment.”

-Ray Dalio, chairman of investment firm Bridgewater Associates, on the dedication of the Chinese leadership to modernize their markets and economy.

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“The sea is rough but we’ve got to ride it.”

By The Associated Press

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