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The U.S. and European markets have become mature, profit margins are lower, and equipment isnt so new. Because profits are relatively low, it limits the willingness of companies to invest in newer equipment.
Zong Qinghou
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Zong Qinghou
Age: 79
Born: 1945
Born: January 1
Entrepreneur
Politician
Hangzhou Municipality
Company
European
Become
Mature
Newer
Willingness
Margins
Lower
Profits
Companies
Relatively
Lows
Markets
Profit
Invest
Limits
Equipment
More quotes by Zong Qinghou
The public doesn’t have to be hostile to the rich. ‘Robbing the rich to help the poor’ will only drive the rich away to other countries along with their money. As a matter of fact, their wealth should be respected. All wealth in China belongs to the country.
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In China, you have to have a strong leader for a business to get anything done.
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If the nation is rich but people are poor, the country cannot be strong, and society will be unstable.
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Many people find themselves with illness as they become successful: higher blood pressure and diabetes.
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We dont need to solve the problem of the rich-poor gap. We need to solve the problem of common prosperity.
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For a long time, I couldn't even afford food and clothing. I climbed from the very bottom of the society.
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I believe wealth should be in the hands of those who know how to create more wealth.
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