Lang Xianping also announced his latest research findings on site: “One yuan invested in manufacturing can create 1.48 times the output value in other industries, the highest among all industries. Agriculture ranks second, creating 1.25 times the output value; construction and real estate create 0.97 times; all other service industries are below 0.9.”
He believes Obama's approach is worth learning from: “Simply put, he did two things: first, reduce costs; second, improve efficiency. I believe that the many award-winning entrepreneurs here, especially those in manufacturing, will find these two points very reasonable. But regrettably, today we have all ignored the importance of manufacturing.” He hopes that through the efforts of the government and the general public, social resources can be reallocated, “with manufacturing as the leading sector. I believe it can continue to drive China's economy, and I hope it can become the new engine for developing China's economy.”
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