Crucial Test

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  Parents watch as their children enter an exam hall in north China’s Tianjin Municipality to take the 2012 college entrance examination on June 7, the first day of the two-day annual national exam.
  Known as gaokao in Chinese, the exam is a prerequisite for high school graduates to enter almost all higher education institutions in the country.
  The examination is usually held on June 7-8. This year, about 9.15 million students took the exam.
  “Chinese government ships have left the lagoon but remain in waters of the Huangyan Island to provide services to the Chinese fishermen there.”
  Chinese Foreign Ministry Spokesman Liu Weimin, in response to a report saying that China and the Philippines have both agreed to withdraw their ships from a lagoon in the area of the Huangyan Island at a press conference in Beijing on June 6
  “We are not doing any work in relation to any financial support.”
  IMF Chief Christine Lagarde, saying the IMF was not planning any financial assistance to Spain, in Washington, D.C. on May 31
  “By not using the dollar as an intermediate currency, we can lower transaction costs and reduce settlement risks at financial institutions as well as making both nations’ currencies more useful and energizing the Tokyo market.”
  Japanese Finance Minister Jun Azumi, praising direct yuan-yen trading during an interview with Xinhua News Agency on June 6
  “People-to-people exchanges form a significant foundation to boost the China-U.S. cooperation, and also an important part of establishing a new type of relationship between China and the United States.”
  Chinese Vice President Xi Jinping, during a meeting with a U.S. good-will delegation headed by the Governor of Iowa Terry Branstad in Beijing on June 3
  “The Chinese and Russian economies have different strengths and complement each other. China and Russia should further promote strategic large-scale projects cooperation in natural gas, nuclear energy, aviation and other fields.”
  Vice Premier Li Keqiang, making the remarks while meeting with Russian President Vladimir Putin in Beijing on June 6
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