Notable China-related quotes from the last week:
McDonald’s China on its price cuts:
“[The promotion is] in line with the government’s direction to stimulate domestic demand [and helps to] build a stronger economy.”
A top official of China’s Supreme Court defending the country’s human rights record to the UN Human Rights Council:
“Ours is a state where the rule of law prevails.”
The chief Beijing delegate at the same meeting:
“China is fully committed to the promotion and protection of human rights.”
Vice Commerce Minister Jiang Zengwei on Beijing’s plan to encourage domestic consumption:
“I believe China won’t implement a ‘Buy China’ policy… We just need to boost consumption, whether it’s through domestically made goods or foreign-made goods. We will treat them equally without discrimination. Why in the current climate should we resort to protectionism?”
US Treasury Secretary Timothy Geithner on Washington’s decision on whether China is manipulating its currency:
“We’re going to make that judgment carefully, looking not just at what’s happening in China in the management of their exchange rate regime, but what’s happening globally at that time.”
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