Quotes of the day

"After controls on interest rates are lifted completely, the financial market's efficiency will be increased and financial reforms deepened. The degree of China's financial marketization is now still very low, but it will be expanded in future."

Li Ruogu, former chairman of the Export-Import Bank of China

"China's transition from an investment - to a consumption-led growth model is likely to take a long time. While the transition takes place, and even when complete, the much-vaunted benefits for other emerging economies exporting consumer goods to China will probably take a while to materialize."