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Verbatim

“The country will implement most stringent environmental protection policies in the future.”
 

Zhou Shengxian, minister of environmental protection, spoke at a recent national meeting on the enforcement of environmental laws. This was the first national meeting of the environmental watchdog's since its upgrading to the Ministry of Environmental Protection.

“The government has two choices in tightening monetary policy: one is to increase interest rates in a flexible way; the other is to increase the deposit-reserve rate. Both of them should be used, but which one should be used more? I believe it should be interest rates.”

Lin Yifu, chief economist of the World Bank, said that in a situation where a price index is comparatively high, real interest rates will decline, which will drive money to the stock and property markets. This would affect the healthy growth of the two sectors. Raising interest rates will not attract more hot money to China and will help stabilize prices.

“The latest development in China's economy and society obliges the insurance industry to play an even greater role in controlling risks to help ensure economic and social stability.”
 

Wu Dingfu, chairman of the China Insurance Regulatory Commission, said recently. He added that the industry should concentrate on improving and renovating its services and management.

“Roads, water navigation routes, posts and mass transit systems in cities and the countryside will all be administered by the Ministry of Transport, which is very good for the development of the logistics industry.”

Liu Wu, deputy director of the China Federation of Logistics & Purchasing, said when talking about how the super-ministries reform may affect the logistics industry. Every department has its own logistics system, which leads to redundant investments and construction, resulting in high costs with low efficiency; while under the unified lead of a single ministry, the resources will be better distributed so that logistics chains can be optimized and the quality of service improved, he said.