Quotable

The authorities are likely to continue to use the tools they know to keep the credit and stock market party going, but this has never borne fruit in the past 20 years. In a market that is about speculative euphoria, and confidence in the government's ability to stand behind it, one does not know when to call time."

George Magnus, an associate at the China Centre, University of Oxford

"Major structural change is happening in China's passenger car market. New car sales grew just 1.2 percent in May as the country develops a used car market for the first time in its history. Buyers in the world's largest auto market now have much more choice when it comes to buying a car and are no longer forced to buy a new car."

Paul Hodges, chairman of International eChem, a London-based strategy consultancy

"I have always wanted to be a businessman because I liked competition and I like to be creative. Small changes can make a big difference in a traditional industry."

Wu Hai, chief executive of Crystal Orange Hotel Group

(China Daily European Weekly 07/10/2015 page14)