At about 12:30 in the interview above with Aljazeera (link here), Jin Liqun, the chairman of China's sovereign wealth fund, gets tough with Europe and criticizes its welfare state:
"If you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of the worn out welfare society. I think the labor laws are outdated. The labor laws induce sloth, indolence, rather than hardworking. The incentive system, is totally out of whack.
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