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."