Jack Ma: P2P lending is not internet finance, only illegal fund-raising on web pages( 三 )_

Ma also pointed out that China does, indeed, need the real economy for its future development in the digital era, but that we must be very clear on what defines it. "Though the real economy is built on an advanced manufacturing industry and a modernized service industry, the future driver of employment is not going to be manufacturing, but service, whose development hinges on the growth of finance."

He urged to preserve the role of finance in development of the real economy. "For past failures, finance itself should not be blamed. It is the industry participants that should be blamed for not using it well. I cannot imagine a real economy without a digital economy or virtual economy. It's our responsibility to ensure a safe, healthy development of the virtual and financial economy."

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