"We are trying to ensure the salaries of workers are increased 15 percent annually and are doubled in the next five years."
Yang Zhiming, Vice Minister of Human Resources and Social Security, during the national labor relations work meeting on April 18 in Beijing
"Great volatility of massive cross-border capital flow brings heightened risks in terms of inflation and asset bubbles. Loose monetary conditions build up inflationary pressures in both advanced and emerging market economies."
Yi Gang, Deputy Governor of the People's Bank of China, calling for the IMF to work on the management of cross-border capital flow and global liquidity at an IMF meeting in Washington, D.C. on April 18
"The talks are aimed to remind firms to abide by the country's laws and regulations and prevent collusive price increases."
Zhou Wangjun, deputy director of the pricing department at China's National Development and Reform Commission, defending that talks with firms on stabilizing prices are not a form of administrative intervention
"I commend China Shipping for its long-term commitment to the Los Angeles economy and the environment."
Los Angeles Mayor Antonio Villaraigosa, as China Shipping Container Lines Co. Ltd. announced the completion of a major phase of its terminal expansion project at the Port of Los Angeles on April 18
"China made contributions in the area of infrastructure development in Kenya. The quality of projects completed is perfect."
George Saitoti, Kenya's Acting Minister of Foreign Affairs, at Kenya's presidential roundtable during the Ninth Africa Investment Forum held in Dar es Salaam on April 18
"This new warning highlights the need for the United States to take better control of its fiscal destiny if it is to avoid higher borrowing costs and maintain its central role at the core of the global economy."
Mohamed El-Erian, CEO of the Pacific Investment Management Co., commenting in New York on Standard & Poor's threat to downgrade the United States' prized AAA credit rating |