Quotes of the day

"The national coal consumption decreased 2.9 percent in 2014 - negative growth for the first time in 15 years. The high-quality coal replacement projects underway in Beijing, Tianjin and Hebei province have plans to replace 33.5 million tons of inferior coal by 2017."

Chen Jining, minister of environmental protection

"New Oriental's profit decline is reasonable, because our costs for research and development were about 200 million yuan ($32.6 million) in 2014. Without that costs our net profit would have increased considerably. Next year, our R&D costs will be 300 million yuan, with profit continuing to decline."