Google Translation Fail on China's Transition

iFeng: Li Keqiang: If the economy is experiencing greater difficulties we will be shot

It should read, if the economy gets into trouble, we'll intervene.

"It was just like in his speech to talk about, a lot of taxation, monetary policy, macro-control tools, we have not fully use. If you are experiencing greater difficulties, we'll intervene." He said," Here also give you a reassurance that China's economy must withstand downward pressure, to maintain steady growth. "

Li Keqiang stressed the need to withstand the downward pressure on the economy, you can not rely mainly on the expansion of the number of macroeconomic policy, or to rely on reform. At this stage, it should stimulate the vitality of the market out of promoting public entrepreneurship, innovation Peoples, "like I was" talking about the government work report ", 'let hundreds of thousands of cells in active markets', the Chinese economy will be able to full of vitality. "

China to counter economic challenges with "triple-double"

Calling for a culture of entrepreneurship and innovation to be nurtured, Premier Li said that individuals and enterprises must have the mettle to develop their businesses and make innovations.

Unlike most Chinese graduates that prefer big city jobs to those in quieter places, Li Xia, a 23-year-old graduate from east China's Anhui Agricultural University, chose a career in farming.

In partnership with two classmates, Li contracted farmland to grow greenhouse vegetables, which turned out to be profitable. With the proceeds, Li plans to expand the business and experiment with improved crop varieties.

"In order to incite entrepreneurship and startups, the government needs to refine policies that ensure fair treatment, favorable financial and tax conditions, and basic social safety benefits for starters," Li Xia said.

China has been pressing ahead with reforms targeted at cutting red tape and creating a pro-business environment. Simpler business registration rules saw new registered businesses reach 13.34 million in 2014, up nearly 18 percent year on year.

You cannot fault China's leaders for the pace of economic growth. They are doing the right things, but the credit cycle is now out of their hands.