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"China's commitment to reducing its reliance on coal will change lives and improve the environment, and that is why we are investing in a project aligned with their ambitious plan," said AIIB President Jin Liqun.

"Compulsory education should not only be free but, more importantly, free of exams," Yang said.

"China will never close its door, and will instead continue international cooperation under the Belt and Road Initiative with the principle of achieving shared growth through discussion and collaboration," Yang said.

"Companies that are able to get the benchmark interest rates are few, and in most cases, bond-issuers have to accept banks' buoyancy, which is more than 20 percent. So, the cost of loans may end up higher than direct financing costs."

"Chinese customers are not buying PSA's romantic designs as they fail to meet the needs of Chinese consumers," said the sources.