In addition to hot topics such as the renminbi, the speed of global economic development is also

Lou Jiwei (China Investment Co chairman): we have always said that we are now in a situation of double track or multi track recovery. The recovery of strong muscles in emerging market areas is slower than that in developed countries such as the United States, Europe and Japan. Such a pattern will continue in 2011. We feel that, except Japan, the global economy and major economies will not be able to recur. However, we feel that the future is relatively pessimistic. I am afraid that in 2012, the possibility of a significant slowdown will be greater.

Lou Jiwei believes that the reason for this is that there is a dilemma in the current policy of every country.

On the one hand, to stimulate economic recovery, we need loose fiscal policy.

Lou Jiwei: we feel that this policy direction will not change in the first three quarters of this year, but in the fourth quarter to next year, there may be changes, so that the growth rate may be affected.