Our goal is to upgrade the life of China's middle class. We all want to live better.
Sentiment: POSITIVE
Our focus going forward is on sectors where the life of China's middle class can be upgraded: health, travel, leisure, education, and the Internet. We call it marrying China's growth with global resources.
Well, as you've said, we cannot expect the people of China not to want to progress, so if you have an opportunity to progress, to develop your economy to a world class economy, it's an aspiration that is natural and that, I welcome.
China has a bigger middle class than the entire population of Europe.
Because of poverty, we must adopt the capitalist means of production to develop our resources to get rich. However, if we ignore the issue of social justice at the beginning of China's industrialization, we will sow the seeds of class warfare in the future.
We have a plan for a stronger middle class, with the goal of generating 12 million new jobs over the next four years.
We need the Chinese to - you know, spend more, save less - consume more and not be so focused on exports. There are big changes we need in the world.
We should be doing more business with China. We should be better connected to the Chinese economy.
Ten years ago I said, you know, my goal is to be able to get food on the table. What I'm trying to say by that is trying to create a vibrant, capable and effective middle class. The quicker and stronger that we can be able to do this, the easier it is for political reform to move forward.
Right now, America's middle class is struggling to meet their basic needs.
In China, you've got six people buying for one child. But the thing is, you've got the largest rising upper-middle class in the world.
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