If we don't do enough, Canadians will continue to endure the hardship of high inflation. And they will come to expect persistently high inflation, which will require much higher interest rates and, potentially, a severe recession to control inflation. Nobody wants that. If we do too much, we could slow the economy more than needed.
Such a consensus has contributed to the mutually re-enforcement of reform, development and social stability. Despite the outstanding achievements mentioned above, we should remain clear about the fact that China is still a developing country with large population. Though large in absolute size, China’s GDP measured by per capita is still very low, with the 2003 figure just exceeding USD1000.