Ma Kai
Ma Kai
Ma Kaiis one of the four Vice Premiers of China. He was formerly a State Councilor and Secretary General of the State Council of China...
economic expansion fast five growth increase investment mainly model past period realize short though
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.
avoiding crude global oil possible projects supply
These projects are aimed at avoiding possible oil supply interruptions and restraining global crude oil prices.
growth pay price tomorrow
We do not want to pay too big a price tomorrow for growth today. If that is the case, it is not real development.
general outline reflects
The outline reflects the general will of the public.
bank continue control curb economy environment excessive factors growth investment land lending number pressure prevent projects resources return sales strictly unstable
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.