Top quotes of business tycoons at China Green Companies Summit

Lei Jun, speaks at the 2016 China Green Companies Summit in Jinan. [Photo/VCG]

Improving the quality and competitiveness of products is the key to strengthen China's manufacturing power, said Lei Jun, CEO of Chinese smartphone maker Xiaomi, at the 2016 China Green Companies Summit on Saturday.

Lei said that low efficiency of the production process led to high prices of products, the resulting products are of poor quality due to manufacturers' attempts to lower costs.