Everyone knows the U.S. economy shouldn't be so reliant on consumption. More investments should be made.

After the adjustment of the cutoff point, the number of taxpayers will drop by more than a half, approximately. It will live up to our legislative principle to care for the interests of low and medium-income groups.

We will collect windfall-profit taxes in some monopolized sectors within two years.

We learned from this hearing that people hope the cutoff point should be even higher.

We may consider implementing this special tax from next year. The companies are enjoying record profits because of the oil they extracted from the country.

I need to make money. If I don't, I cannot survive.

There are three main pillars of China's economy. One is export, which is limited by sluggish global demand. The second is investment. In many sectors, there is already too much investment and overcapacity. The third is consumption.

In 2008, when Lehman Brothers collapsed, we anticipated that Europe was going to have a very different bailout scheme than the U.S. because of their different political systems and different relationships between the central banks and the fiscal authorities.

The euro zone must strike for a better governance structure, and there is no alternative to that. Euro zone countries must either develop an exit mechanism for troubled members, or it should embrace a closer political union: an effective governance structure that is capable of enforcing rules.

Indebted countries can only grow out of their debt troubles through strong economic growth; austerity measures alone cannot work. It is imperative to engage in deep structural reform to spur growth.