Quotable

"On the whole, we believe the downside risks outweigh the upside risks in the second half."

Chen Li, UBS Securities AG chief strategist. Uncertainties about China's economic recovery over the medium and long term are raising caution flags among investors about the stock market's performance in the second half of this year.

"Compared with the period before China joined the WTO, the domestic and international economic landscape has undergone significant changes."

Liu Yuhua, a counselor at the department of World Trade Organization affairs of the Ministry of Commerce. China is training more local government officials to help them have a better understanding of international trade regulations as part of its efforts to create more transparent and fair market conditions for domestic exporters and overseas companies.

"To achieve the GDP goal ... China should have 150,000 kilometers of railways by 2020 and 200,000 by 2030."

Zhao Xiaogang, former chairman of China South Locomotive and Rolling Stock Co Ltd, and an adviser to the China Institute for Innovation and Development Strategy. He said that in addition to China's railway track growth, at least 10 percent of it should be for high-speed rail by 2030.

(China Daily European Weekly 07/25/2014 page18)