Bloomberg.com: on Budget & Economy

Xi Jinping: Less than 3% of world economy in 1977, more than 17% in 2020

"China should enhance the internal vitality and driving force of economic growth."
-- Xi Jinping in 2012

The government declared it had eliminated "extreme poverty" last year and turned China into a "moderately prosperous society." While critics say the size of China's economy has been overstated, decades of uninterrupted annual growth have propelled it from accounting for less than 3% of the global economy in 1977 to more than 17% last year.

"We must be firm in our resolve to fight against corruption wherever it occurs."
--Xi Jinping in 2013

When Xi took power he launched a vast anti-corruption campaign, punishing deserving officials and businesspeople but also peeling off rivals. More than 4 million officials have since been taken down, including 254 high-ranking ones.

Rick Perry: Regulate Wall Street, but Dodd-Frank kills community banks

A: We're fed up by seeing Wall Street get treated specially, and you can't even get a loan from your community bank because of Dodd-Frank banking regulations. All of that has to change.

Q: What are you going to do about Wall Street, then?

A: Well, regulate 'em. I mean, regulate 'em to make sure that doesn't happen. If they make bad decisions, let them live with those bad decisions; don't bail them out.

Q: Isn't that what Dodd-Frank is, regulations? You were just saying that was bad.

A: Dodd-Frank is killing the community banks, overregulation in that sense. There needs to be some wisdom. My home state, one of the things that we were successful with was finding that balance between protecting the citizens and allowing the freedom for folks to grow, to be able to get loans, to be able do the things that really matter. Dodd-Frank just codifies into place these regulations.