Quotable

"The main goal of the central bank's monetary policy is to maintain stability in the renminbi exchange rate as well as supply and demand of the currency. China will not join any 'global currency war' or let the renminbi depreciate substantially."

Zhang Monan, deputy researcher at the China Center for International Economic Exchanges

"Many domestic companies have a powerful capacity to innovate, but whatever they create is soon copied. The costs of counterfeiting are too low in China."

Huang Zuoxing, chairman of valve producer Jiangnan Holding Group Co Ltd

"Although the Chinese government has taken several steps, it has failed to eliminate the risk of deflation. Doing that is very important in ensuring that the economy can move onto a sound, stable and orderly track."

Tan Haojun, economic commentator based in Beijing

(China Daily European Weekly 04/17/2015 page18)