If we don't effectively address the problem immediately, a large number of companies will go bankrupt and many people will lose their jobs.
More Quotes from Ma Kai:
Based on supply and demand analysis, it is possible to realize a target of 7.5 percent (average annual growth), which would be stable compared to the estimated 8.8 percent average annual growth.Ma Kai
We do not want to pay too big a price tomorrow for growth today. If that is the case, it is not real development.
Ma Kai
The U.S. is the world's biggest economy and China is the world's fastest-growing economy. It's important for us to increase understanding and to cooperate.
Ma Kai
Our fast economic growth in the past five years has relied mainly on investment and exports. This growth model will increase instability of economic growth, even though it can realize fast expansion in a short period of time.
Ma Kai
U.S.-China relations are developing well, trade is growing quickly and it's benefiting the people of both nations.
Ma Kai
Investment in some industries is expanding too fast, the pattern of distribution of investment among different industries is irrational, and there is pressure for overheated investment to rebound.
Ma Kai
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