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"Everyone understands the system from their own domain. An engineer would see it very differently from an economist. What we should be doing is to get them, as well as architects and urban planners, to sit at the same table and speak the same language to build an optimized hub system. But that's very rare in academia and in real life."

"Every six months, we do a thorough physical examination on those elephants," he said. "Just like little kids, some elephants don't like doctors because we give them injections when they are sick."

"Despite not being able to buy renewable energy in China now, we now see some changes in regulations that will enable the procurement of renewables," he said.

"Data are the most important element in redefining retail," said Wu Weijia, an equity analyst who focuses on internet-based businesses at ICBC International Holdings Ltd.

"Fang's remark signaled more reforms which feature less administrative controls and intensified crackdown on illegal market behaviors," said Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Science and Technology.