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.
More Quotes from Ma Kai:
To raise living standards and resolve problems, we need a better economic foundation. We need to make our economy a bigger cake.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
Taking into account of population growth, the goal of doubling per capita GDP is achievable if only annual growth reaches 7.5 percent in the 11th five-year plan period,
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
Employment pressure will remain intense this year, and continued reform and restructuring of enterprises will make it difficult to increase employment over the short term.
Ma Kai
We must be resolute about cooperation in order to have mutually beneficial supply. We must push forward work on the crude oil pipeline, natural gas pipeline and upstream development.
Ma Kai
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