Quotes of the week
April 25, 2016 Category Quote of the week, Weekly
“China has been growing at a high speed for more than 30 years. There is no reason to expect an economy of such size to maintain such a growth rate indefinitely, nor is it good for China to continue to grow at such speed. It is not sustainable and will have a harmful impact on China’s environment. We should be more worried if China’s economy today continues to expand at double digits.”
“To do business in China, you have to take the long view. There are still plenty of opportunities in China. There are immense opportunities in the rural area. China is also shifting focus to services industries, the IT sector and domestic consumption. If you stick to traditional industries like steel and oil, you have to be selective.”
Jack Ma, Chairman of Alibaba Group, quoted in the South China Morning Post, April 21, 2016.
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