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.
annual average based compared demand estimated growth percent possible realize stable supply target
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
avoiding crude global oil possible projects supply
These projects are aimed at avoiding possible oil supply interruptions and restraining global crude oil prices.
biggest china economy increase understanding
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.
continued difficult employment increase intense pressure reform remain short
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.
address bankrupt companies large lose number people problem
If we don't effectively address the problem immediately, a large number of companies will go bankrupt and many people will lose their jobs.
growing growth high investment
In some areas, investment is growing too quickly. Investment growth is still at a high level,
account annual doubling goal growth per percent plan population reaches taking
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,
among expanding industries investment pattern pressure
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.
beneficial cooperation crude forward gas natural oil order pipeline push resolute work
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.
decided government interfere price setting
The government will not interfere in setting the price, and the price will be decided by the market.
basis decided enterprise government market price
The government will not interfere. This price will be decided on the basis of market and enterprise negotiations.
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.
bigger economic economy economy-and-economics living raise resolve standards
To raise living standards and resolve problems, we need a better economic foundation. We need to make our economy a bigger cake.