US Federal Reserve Chairman Ben Bernanke on why China should increase spending:
"Trade surpluses achieved through policies that artificially enhance incentives for domestic saving and the production of export goods distort the mix of domestic industries and the allocation of resources, resulting in an economy that is less able to meet the needs of its own citizens in the longer term."
Qi Peiwen, a Communist Party discipline enforcer, on how having mistresses can lead to corruption among officials:
"It’s just not possible to keep a mistress on your salary … so what do you do if you don’t have the money? Naturally, you’ll use the power at your disposal to go find some."
Kong Quan, China’s ambassador to France, on the rising purchasing power of Chinese consumers:
"Do you realize that 30 years ago, the three treasures in a Chinese household were a bike, a watch and perhaps a sewing machine? Today one million cars per month are sold in China and the car is no longer considered a treasure."
Alasdair Cameron of the Environmental Investigation Agency (EIA), on the demand for endangered tiger and leopard skins:
"Previously the market was for skins amongst the Tibetan community. That market has largely collapsed and what we’re seeing now is skins bought for decoration and taxidermy amongst Chinese businesspeople."
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