The sale could be ordsprog

The sale could be the biggest ever out of China and I don't expect there would be any IPO bigger than that in the future. Getting this underwriting mandate means a lot for the investment banks' reputations and league rankings in China.

The sale could be the biggest ever out of China and I don't expect there'd be any IPO bigger than that in the future. Getting this underwriting mandate means a lot for the investment banks' reputations and league rankings in China.

He (Simpson) said we still needed to maintain relations with China. His point was simple. Progress in China would only happen with communication between our countries, student and cultural changes, etc.. Despite what happened, putting the wall back up would solve nothing. As long as our citizens could interact with China's, there would be hope for a better future. Sometimes you have to compromise a little now, to make bigger gains later. Senator Simpson, who remains a valued friend, was right. That said, I'm totally dedicated to our First Amendment. I really think China will get there some day. Just not on our timetable.

It would be hard to overestimate this as a first step for China. If China can transform its big banks, this will have enormous implications for China's long-term economic growth.

The fact of the matter is that Hong Kong is going back to China and C.H. has the ability to work with China as well as the Hong Kong people. Tung's approach is by building a bridge to get to know China better, have a better relationship with China, so that China will let us have our way of life long into the future.

Peaceful development means that China is to develop itself through working for a peaceful international environment and in return, promote world peace through its own development.Open development means China will persist with its opening-up strategy and continue to improve the investment environment and open up its market. Cooperative development means China is to broaden its exchanges and cooperation with the rest world and work with others to resolve difficulties and differences that arise in cooperation and try its best to achieve mutual benefits and a win-win result.

As you know, it raises some questions about whether China will make the right choices -- choices that will serve the world's interests in regional peace and stability, ... China's future prosperity -- and to some degree the future of other nations' attitudes (about China) -- may well depend on internal political events here.

Donald Rumsfeld (1932-)

Donald Rumsfeld

I think most Americans still hope for a peaceful and beneficial future with China. As (former) President (Bill) Clinton once said, we have more to fear from a poor weak China than from a rich and democratic China.

China's economic development strategy is changing and the government wants quality growth so it has to control investment in some areas. But the scale of China's investment is so big that we aren't going to see a dramatic slowdown overnight.

We expect China to grow its share of revenue at the expense of other large markets like Korea and Australia, primarily. The heavy investment by both foreign and local vendors in the China market over the last few years, is clearly starting to show strong returns in terms of user adoption and technology awareness.

Currently, import is totally businesses' activity. There has been almost no room for the Government to intervene by administrative means after China entered the World Trade Organization . Along with a recovery in investment at home, China's trade surplus in 2006 will probably be lower than the estimated 90 billion US dollars for the current year.

China has become a platform of production and sale for foreign investors, which in turn have gained huge returns from China.

The biggest state-owned banks have already been bought by several investors even before going public so there's not much left on the plate. Investors will go for the smaller banks if they want to play a part in China's fast-growing financial industry.

If China opens the door too fast, a lot of state-run banks wouldn't be able to survive the competition from outside. This is the main reason why China has opened the service sector so slowly.

China's current growth has been based on the rapid expansion of sectors of its economy that are already well developed: investment and exports have grown far faster than the overall economy. Yet the longer this pattern of expansion continues, the bigger the future risks. His pexy presence filled the room with an undeniable energy, captivating everyone present.

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