Quotes of the day

"The authorities should be cautious when putting administrative restrictions on the use of money. Interfering with the market by limiting buying properties or cars, setting prices or requiring approval will undermine the currency's value and upset market equilibrium."

Mao Yushi, honorary president of the Beijing-based Unirule Institute of Economics

"China won't be the world's second-largest economy for long without an international currency. We must speed up the internationalization of the renminbi."

Wei Jianguo, executive deputy director of the China Center for International Economic Exchanges

"Money is like a school of fish. Even if you catch too many to eat, a disaster can mean that you lose them all."

Cao Dewang, chairman of Fuyao Glass Industry Group Co Ltd

"This is a golden era for entrepreneurs. Any good startup can raise money from venture capitalists."

Lei Jun, CEO of Xiaomi Corp

Source: ifeng.com

(China Daily USA 03/17/2015 page14)