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Weekly Watch> WEEKLY WATCH NO. 47, 2010> PEOPLE & POINTS
UPDATED: November 19, 2010 NO. 47 NOVEMBER 25, 2010
Quotes of the Week

"The world economy is growing slowly and the structure of global demand is changing, which puts new pressure on China in its efforts to stabilize and expand exports and maintain a stable and relatively rapid economic growth."

Li Keqiang, Chinese Vice Premier, on challenges to China in its next development phase in a comment published on November 14

"China has had capital controls on short-term flows that have worked, not perfectly, but have worked to stabilize these short-term flows. But at the same time, it's been very open to long-term investments."

Nobel Prize-winning economist Joseph Stiglitz, at a press conference in Hong Kong on November 11. He said emerging economies would need capital controls to manage flows of "hot money" and ensure economic stability in the wake of the United States' ultra-easy monetary policy

"It's like running a marathon, and finding out during the race that they have added more kilometers to the course."

Greek Prime Minister George Papandreou, saying in an interview with Proto Thema newspaper the country could seek an extension for repaying its rescue loans, and conceding the deficit revision would add pressure on his government to cut costs

"First of all you have to ask: Do we need to defeat it [Islamist militancy] in the sense of a clear cut victory? I would argue that it is unnecessary and would never be achieved."

General David Richards, the head of the British armed forces, in an interview with The Sunday Telegraph

"Looking back to the sovereignty conflicts in this region, bilateral approaches have proven more effective than multilateral approaches. So regarding the South China Sea issue, we should stick to the China-ASEAN framework and the China-Individual Claimant States Framework."

Chheang Vannarith, Executive Director of the Cambodian Institute for Cooperation and Peace, proposing solutions to the South China Sea disputes in an interview with Xinhua News Agency

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