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PEOPLE & POINTS
THIS WEEK> THIS WEEK NO. 47, 2014> PEOPLE & POINTS
UPDATED: November 15, 2014 NO. 47 NOVEMBER 20, 2014
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"Efforts must be stepped up to advance market-oriented reforms, and a final push may even be needed to give impetus to them at an appropriate time."

Lu Feng, a Peking University professor in economics, stating Chinese President Xi Jinping's latest elaboration on the "new normal" theory has served to build consensus for bolder economic reforms

"The official will be held accountable even after he goes to other posts, retires, or quits his job."

Yuan Shuhong, deputy head of the Legislative Affairs Office of the State Council, noting that China is to set up a lifelong accountability system for officials in a recent interview with China Radio International

"The new arrangement will facilitate the introduction of yuan-denominated investment products by financial institutions in Hong Kong and enhance its position as an offshore yuan business center."

Norman Chan, Hong Kong Monetary Authority Chief Executive, commenting on the central bank's decision to abolish the daily 20,000 yuan ($3,260) conversion cap for Hong Kong residents

"Monetary policy in China is clearly geared toward the long term, and China has the benefit of large reserves and a growing economy, with a vigilant central bank. I think all the ingredients are there to address the potential market volatility."

Christine Lagarde, Managing Director of the International Monetary Fund, speaking in Beijing on November 12



 
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