Quotable

"Many writers in the United States are saying that globalization is creating problems for the US and that the US has to rethink globalization. The exchange rate dispute is only the tip of the iceberg, and under the iceberg is the huge issue of globalization."

Li Daokui, an adviser to the People's Bank of China, talking at a conference in Santiago, Chile, on Oct 5 about US pressure to allow the yuan to appreciate against the dollar.

"Even a steep decline in growth from 9 percent to 5 percent would not cause a meltdown of the Chinese economy as some investors had feared."

Huang Yiping, chief economist of emerging Asia at Barclays Capital, the investment banking arm of Barclays PLC, saying that a global recession could be the biggest risk facing China, but a full-blown economic crisis is unlikely.

"We are probably one of the very few companies that really understand Yahoo! USA very well."

Jack Ma, the founder and CEO of the Chinese e-commerce giant Alibaba, saying that he is interested in buying Yahoo! if the opportunity presents itself and has had talks with other potential buyers about options.

(China Daily 10/07/2011 page14)