Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed financial derivatives to spread.

More scientific language and less diplomatic rhetoric may make this world even better.

As far as the U.S. economy is concerned, I always believe that the U.S. economy is solidly based, not only in a material sense, but more importantly, the United States has the strength of scientific and technological talent, and managerial expertise.

Socialism as I understand it is a system of democracy. Without democracy, there is no socialism.

As long I still have a breath left in me I will dedicate myself fully to China’s reform.

Only science and the spirit of seeking truth from facts can save China. I firmly believe in this.

I believe I and all the Chinese people have such a conviction that China will make continuous progress and the people's wishes for and needs for democracy and freedom are irresistible.