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"Efforts must be stepped up to advance market-oriented reforms, and a final push may even be needed to give impetus to them at an appropriate time."
Lu Feng, a Peking University professor in economics, stating Chinese President Xi Jinping's latest elaboration on the "new normal" theory has served to build consensus for bolder economic reforms
"The official will be held accountable even after he goes to other posts, retires, or quits his job."
Yuan Shuhong, deputy head of the Legislative Affairs Office of the State Council, noting that China is to set up a lifelong accountability system for officials in a recent interview with China Radio International
"The new arrangement will facilitate the introduction of yuan-denominated investment products by financial institutions in Hong Kong and enhance its position as an offshore yuan business center."
Norman Chan, Hong Kong Monetary Authority Chief Executive, commenting on the central bank's decision to abolish the daily 20,000 yuan ($3,260) conversion cap for Hong Kong residents
"Monetary policy in China is clearly geared toward the long term, and China has the benefit of large reserves and a growing economy, with a vigilant central bank. I think all the ingredients are there to address the potential market volatility."
Christine Lagarde, Managing Director of the International Monetary Fund, speaking in Beijing on November 12 | |
"Efforts must be stepped up to advance market-oriented reforms, and a final push may even be needed to give impetus to them at an appropriate time."
Lu Feng, a Peking University professor in economics, stating Chinese President Xi Jinping's latest elaboration on the "new normal" theory has served to build consensus for bolder economic reforms
"The official will be held accountable even after he goes to other posts, retires, or quits his job."
Yuan Shuhong, deputy head of the Legislative Affairs Office of the State Council, noting that China is to set up a lifelong accountability system for officials in a recent interview with China Radio International
"The new arrangement will facilitate the introduction of yuan-denominated investment products by financial institutions in Hong Kong and enhance its position as an offshore yuan business center."
Norman Chan, Hong Kong Monetary Authority Chief Executive, commenting on the central bank's decision to abolish the daily 20,000 yuan ($3,260) conversion cap for Hong Kong residents
"Monetary policy in China is clearly geared toward the long term, and China has the benefit of large reserves and a growing economy, with a vigilant central bank. I think all the ingredients are there to address the potential market volatility."
Christine Lagarde, Managing Director of the International Monetary Fund, speaking in Beijing on November 12 | |
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Taking Root in Cities
Oriental Outlook
November 6
The household registration system, or hukou, is regarded as a vitally important element of a person's life in China. The system, which was formed during the era of the country's planned economy, has played an important role in controlling population migrations. However, as China's economy and society undergo ever more profound reforms, the negative impact of the system has become increasingly obvious. Although China has attempted to reform the system many times in the past 30 years, the speed and efficacy of such reforms have fallen short of the public's expectations.
Don't Play With Your Phone While Driving
Xinhua Daily Telegraph
November 3
As smartphones become widely used and social networking platforms such as Twitter-like micro-blogging service Weibo and instant messaging tool WeChat gain popular traction, many drivers have gotten into the habit of checking their Weibo or WeChat or even taking photos with their phones while driving.
In recent years, drivers who use their phones while driving have caused many traffic accidents. However, there are no laws governing behaviors such as driving while looking at one's micro-blog or WeChat. | |
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