Zong Qinghou, deputy to the National People's Congress and chairman and general manager of Hangzhou Wahaha Group, talks to media in Beijing, on Mar 4, 2017. [Photo/VCG]

Zong Qinghou, chairman and general manager of China's largest beverage company Hangzhou Wahaha Group

Keywords: Real economy; globalization

The internet is a double-edged sword that can boost real economy's development and cause damage. While the internet can be used to improve work efficiency and productivity, many e-commerce companies have disrupted the pricing system in the real economy through promotions and buying web traffic.

To improve livelihoods, build a moderately prosperous society and provide everyone prosperity, the real economy should be developed first.