Ma Kai Quotes (13 Quotes)

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,

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.

U.S.-China relations are developing well, trade is growing quickly and it's benefiting the people of both nations.

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.

To raise living standards and resolve problems, we need a better economic foundation. We need to make our economy a bigger cake.

If we don't effectively address the problem immediately, a large number of companies will go bankrupt and many people will lose their jobs.

We do not want to pay too big a price tomorrow for growth today. If that is the case, it is not real development.

We will continue to tighten land sales and bank lending to strictly control the number of new projects and curb the excessive growth in fixed-asset investment to prevent a return to overheated investment. The pressure on resources and environment is mounting, the economy is still hampered by a number of shortages and there're still some unstable factors and uncertainties in development.

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.

In some areas, investment is growing too quickly. Investment growth is still at a high level,

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.

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.

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.