Quotable

"Over-emphasis on the financial difficulty that China faces is undesirable, although there are local risks. Generally speaking, China can still avoid systemic risks. The state-owned financial system can provide an effective safety net for the whole economy."

Liu Ligang, an economist at the Australia and New Zealand Banking Group Ltd

"Inflation in China is at a historic low, which means the interest rate tools can be used. The latest interest rate cut is a modification for tight liquidity and high financing costs, and means that in essence the tone of monetary policy has not changed."

Shi Jianxun, a professor at the School of Economics and Management of Tongji University in Shanghai

"Our policies and resources should not hinge on the percentage point growth of China's economy but should instead focus on innovation and transformation."

Zuo Xiaolei

(China Daily European Weekly 03/06/2015 page18)