Quotable

"Governments should streamline approvals and delegate powers to lower levels. They should reduce their interference in the market, so that the market can maximize its role in resource allocation."

Zhu Haibin, chief China economist at JP Morgan Chase & Co.

 

"In spite of the changing economic environment, the wealth of the nation's middle class keeps growing steadily, but their demand for buying is far from being sufficiently met."

Joe Zhou, head of research for Jones Lang LaSalle East China. Booming shopping mall construction across China will take the total amount of malls in China to more than 10,000 by 2025. It comes from a belief that shopping centers will exceed office and residential projects to become the cash cow for developers.

"Manufacturers' restocking process continued but remained relatively slow. Growth is bottoming out on Beijing's mini-stimulus. We expect continuous policy efforts to sustain the recovery."

Qu Hongbin, chief economist in China and co-head of Asian Economic Research at HSBC.

(China Daily European Weekly 10/04/2013 page18)