One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.

I understand how important the automakers are to America. And I understand a bankruptcy; a failure in that industry wouldn't be a good thing. It's something we should avoid.

Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.

When you have a big, ugly problem, there's never going to be a neat, elegant solution that is totally painless or without a cost.

An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.

In China, export lobbies have fought for policies that favor their interests and limit foreign competition.

In terms of the overall economy, we've got challenges and the big focus has got to be on recovery, on repair, and that's going to take a while.