Notable China-related quotes from the last week:
An official from Brazil’s central bank stating that the country is not discussing a currency swap with China:
"Currency swaps are not necessarily trade related. The funds can be drawn down for any use. What we are talking about now is Brazil paying for Chinese goods with reals and China paying for Brazilian goods with renminbi."
Stephen Roach, Asia chairman for Morgan Stanley, on why Beijing needs to rely on its own consumers not exports for growth:
“I’m worried about China staying on the same unbalanced, unsustainable path. China needs to stop depending on the over-extended American consumer and needs to rely more on the untapped potential of its own consumers.
Xu Lin, head of the National Development and Reform Commission’s Department of Fiscal and Financial Affairs on China’s growth prospects:
"Judging from the indicators of the first four months, I do believe it is highly possible to achieve an 8% growth for the full year. In fact, I believe the target will definitely be met."
An unnamed government official on why Chongqing’s sex theme park "Love Land" was closed down:
"[An] investigation determined the park’s content was vulgar and that it was neither healthy nor educational. It had an evil influence on society and had to be torn down immediately."