Lou Jiwei Quotes

Lou Jiwei

Profession : Politician

Birth : December 1, 1950

I need to make money. If I don't, I cannot survive.

Lou Jiwei

In 2008, when Lehman Brothers collapsed, we anticipated that Europe was going to have a very different bailout scheme than the U.S. because of their different political systems and different relationships between the central banks and the fiscal authorities.

Lou Jiwei

Everyone knows the U.S. economy shouldn't be so reliant on consumption. More investments should be made.

Lou Jiwei

There is a lot of risk in the tech sector.

Lou Jiwei

Infrastructure investment can boost economic growth and employment, and, in fact, it is fiscally neutral.

Lou Jiwei

Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.

Lou Jiwei

Austerity policy without currency devaluation can only hamper economic growth.

Lou Jiwei

The euro zone must strike for a better governance structure, and there is no alternative to that. Euro zone countries must either develop an exit mechanism for troubled members, or it should embrace a closer political union: an effective governance structure that is capable of enforcing rules.

Lou Jiwei