Premier Li Keqiang of the People’s Republic of China addressed participants the World Economic Forum’s ninth Annual Meeting of the New Champions.

Here are a selection of his best quotes from the session.

“It is the creativity and entrepreneurial passion of the public that gives us confidence in overcoming the difficulties we face.”

“China is now in a transition from traditional drivers to new drivers. From an extensive model of growth in the manufacturing sector to an intensive model of growth and from over reliance on investment to a growth model driven by consumption and investment. This is going to be a painful and treacherous process so ups and downs in economic performance is hardly avoidable.”

“Energy conservation, environmental protection and the green economy are flourishing…”

“Like playing a Chinese chess game… you need to be careful with the immediate move you take… but at the same time you need to build momentum…”

“The Chinese economy has huge potential and a strong resilience”

“We will promote the development of private banks, financing guarantee and financial leasing.”

“We live in the same world and we grow in this age of globalization where all have a stake in each others future.”

Image: Li Keqiang, Premier of the People’s Republic of China at the World Economic Forum – Annual Meeting of the New Champions in Dalian, People’s Republic of China 2014. Copyright by World Economic Forum / Benedikt von Loebell