David Daokui Li: China Growth Still on Target for 7%

Chinese economist David Daokui Li says China growth still on target for 7%.

Li Daokui

A goal for economic growth of 7 percent “is still in my view what policy makers will and should aim for,” Li Daokui, a professor at Tsinghua University, said in a luncheon address on Friday at the Kansas City Federal Reserve’s policy conference in Jackson Hole, Wyoming.
Li said Chinese officials have room to further cut interest rates and lower required reserve ratios for banks in an effort to boost lending and the economy.

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David Daokui Li

David Daokui Li 李稻葵 is one of China’s most influential economists and most eminent professors. He is a former member of the Monetary Policy Committee of the People’s Bank of China. He is the Director of the Center for China in the World Economy (CCWE), Mansfield Freeman Professor of the Department of Finance of the School of Economics and Management, and Director of the Scholars Programme at Tsinghua University, Beijing.

Li is frequently quoted in the Wall Street Journal, Bloomberg, New York Times, Financial Times, China Daily, and more. He is a renowned expert on the Economics of Transition, Economic Development, Corporate Finance, International Economics and the Chinese Economy. In 2006, Li was chosen by Wall Street Wire as one of the top 10 most influential economists in China. In 2010, he was voted as the only economist among the 10 CCTV Men of the Year of the Chinese Economy.

Li received his Ph.D. degree in Economics from Harvard University in 1992. His current research interests are China’s macroeconomy, economic development models, international comparisons of economic growth, and China’s need to pursue a development pattern fitting with its large economic status.

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