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Yang Yuanqing, president and CEO of Lenovo
联想集团董事长兼首席执行官 杨元庆
Keywords: Real economy; educational resources; schoolchildren's meals
关键词:实体经济;教育资源;小学生午餐
The shift from real economy to virtual economy is happening because the former has much lower returns than the latter. And also because the real economy faces overcapacity, difficult financing, and heavy costs. China's manufacturing sector is experiencing the growing pains of structural transformation, as low-cost competitiveness is losing its advantages and new competitiveness has not yet developed.
由于实体经济的回报率比虚拟经济低得多,且实体经济面临着产能过剩、融资困难以及成本过高的问题,经济正在“脱实向虚”。中国制造业正在经历结构转型的阵痛,低成本竞争力已经丧失优势,而新型竞争力有待开发。
To solve the problem, we need to reduce cost, deflate asset bubble and cool the overheating virtual economy, as well as carrying out the supply-side reform, developing new technologies, new products and new markets and strengthening real economy's competitiveness.
为了解决这一问题,我们既要降低成本、抑制资产泡沫、给过热的虚拟经济降温,也要进行供给侧改革,发展新技术、开发新产品、开拓新市场,增强实体经济的竞争力。
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