Quotable

"The central bank will use all sorts of instruments to adjust the overall liquidity level, so as to ensure the overall stability of the market."

Zhou Xiaochuan, governor of the People's Bank of China, at the Lujiazui Forum in Shanghai on June 28. The central bank will direct banks to "reasonable lending" and will adjust liquidity at appropriate times, he said.

"We should talk about how to double the size of the service industry, rather than talking about doubling the GDP and GDP per capita."

Dominic Barton, global managing director of management consultancy McKinsey & Co, suggesting China needs a "WTO moment" for its service industry and more small and medium-sized enterprises.

(China Daily European 07/05/2013 page18)