I worry about details. We will be watching you very carefully.
Yu Yongding, in the China Daily interview with Geithner

I wish to tell the U.S. government: ‘Don’t be complacent and think there isn’t any alternative for China to buy your bills and bonds’. The euro is an alternative. And there are lots of raw materials we can still buy. Yes, some people say the euro is very weak. Okay, weak is good, we’ll buy very cheap….The borrower should keep their promises. The U.S. should be a responsible country.
Yu Yongding, continued

If the U.S. can find a way to protect China’s assets, America’s standing here will increase. We are not going to return to the good old days of 2006. We are going to promote the creation of a new world order.
Yu Yongding in an interview Monday

You have established good working relationships with your Chinese colleagues and you are committed to increasing China-U.S. cooperation in tackling the international financial crisis. I appreciate that.
—President Hu Jintao at the Great Hall of the People

In the short term I don’t think we can find another currency to replace the US dollar. The US dollar is the main currency because their economy is number one in terms of competitiveness, in terms of innovation…We’ve had SDRs for many years but everybody knows they don’t work so well. People worry about US dollars very much because of the imbalances in the current account but that has been the case for many years – they have had a deficit in the current account since the very beginning of the 1970s.
Guo Shuqing, chairman of China Construction Bank and former head of the country’s foreign exchange administrator, on 1 June 2009

It’s very difficult at the moment because there are still so many uncertainties. We are not very interested on expanding our business in developed countries because the market is limited and growth potential is not there because of over-banking.
Guo Shuqing continues in an FT interview on the first

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