Quotable

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."

Alan Beattie, international economy editor of the Financial Times

"Besides enhancing the cooperation mechanism and increasing talent exchanges and training, we need to keep creating new cooperation models, such as establishing an international team for major cross-border cases."

Hu Binchen, deputy director of the International Cooperation Department of the Ministry of Public Security. China has vowed to improve collaboration on counterterrorism and transnational crimes with countries in the Association of Southeast Asian Nations.

(China Daily European Weekly 05/22/2015 page2)