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

Even if you don't have the authorities - and frankly I didn't have the authorities for anything - if you take charge, people will follow.

It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.

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

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.

The U.S. didn't save enough; we borrowed a lot. There were structural imbalances in Asia with exporters, with oil exporters for a whole variety of things.

I've always said, 'I don't want to be irrelevant.'