Quotable
"Average coffee consumption in China currently stands at a mere three cups per person per year, while that figure rises to 240 cups for the world's average."
Ji Ming, chief of the Beijing Coffee Industry Association, saying there is a lot of growth potential in China's coffee market.
"Many US investors think Chinese companies lack the right corporate governance, accounting standards and information transparency."
Michael Andrew
, global chairman of KPMG International, saying there are many good Chinese companies that should be listed on the Nasdaq or other overseas stock exchanges, but that reputations need to be improved first, after what the market has seen as a series of serious transparency issues surrounding previous listings."Even after getting the certification, there are still complicated procedures to undergo in catching the crabs quarantine and inspection in Europe, as well as the need for a lot of different permissions from customs and the animal quarantine and inspection bureau on the Chinese side."
Liu Xuping, from the Shengtong Export and Import Trade Co, saying that there are only a small number of Chinese companies with the right certification to import live aquatic products, such as crabs, a seasonal delicacy in China.
(China Daily 10/19/2012 page14)
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