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.

All political parties, organizations, and all people should abide by the constitution and laws without any exception. They must all act in accordance with the constitution and laws. I see that as a defining feature of modern political system development.

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

If in a country, most of the wealth is concentrated in the hands of the few, then this country can hardly witness harmony and stability.

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.

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.

Confidence is the most important thing, more important than gold or currency.