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PEOPLE & POINTS
Weekly Watch> WEEKLY WATCH NO. 26, 2010> PEOPLE & POINTS
UPDATED: June 25, 2010 NO. 26 JULY 1, 2010
Quotes of the Week
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"Whenever something went wrong in the global economy, and whenever someone had to shoulder international obligations, the West would always point fingers at China."

Vladimir Portyakov, head of the Center for Prognosis of Russia-China Relations and Deputy Director of the Far East Institute in the Russian Academy of Sciences, rebuffing the "China solo show" theory in recent Western media reports, which indicates China has been the biggest winner in the global financial crisis while Western economies have been confronted with grave difficulties

"Narrowing the fluctuation of the yuan's value was the best exchange rate policy China could take during the crisis period, which gave export businesses a stable expectation of the yuan's value and reduced costs caused by a volatile currency."

Xiang Songzuo, Deputy Director of the Center for International Monetary Research at the Renmin University of China. China announced on June 19 it would allow more flexibility in its yuan exchange rate

"A global economic downturn will always end, but food security is the problem we have to face every second."

Yuan Longping, the Chinese agronomist known as the "father of hybrid rice," at a theme forum of the World Expo on June 20. His team is now working on a new version of high-yield hybrid rice with an expected yield of 13.5 tons a hectare and might complete it in 2012

"We've never seen anything like this in history anywhere across the world."

Sarah Waller, of the UN Office on Drugs and Crime, on its new report, which found the use of opiate drugs such as heroin and opium has doubled in Afghanistan since 2005, with nearly 3 percent of Afghan adults now addicted

"My budget is tough, but it will be fair. This is an unavoidable budget because of the mess we have to clear up."

George Osborne, the UK's Chancellor of the Exchequer, on the Conservative–Liberal Democrat coalition's first budget, which includes the biggest package of tax increases and spending cuts in a generation

"We wish it a speedy recovery because it is also our currency."

Russian President Dmitry Medvedev, expressing concern about the dramatic plunge of the euro at the Saint Petersburg economic forum on June 19. Russia holds over 40 percent of its forex reserves in the single currency

"We obviously expect this to have a very, very nice effect on our attendance."

Bill Davis, Chief Operating Officer and Chairman of Universal Orlando Resorts, referring to the Wizarding World of Harry Potter. The new theme park attraction had its grand opening on June 18



 
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