Quotable

The events of recent weeks in China's stock markets are likely to have a lasting impact on how international investors view the Chinese market. We think the confidence shock to the government's credibility may be a bigger risk than equity market turbulence - something that will have greater ramifications."

Franz Wenzel, head of investment strategy at AXA Group in France

"The driver for China's economic growth in the future is consumption, not investment. We can see the trend today, and we will see the trend more clearly in coming years."

Dong Tao, chief regional economist for Asia excluding Japan, at Credit Suisse Group AG in Hong Kong

"The BRICS story has always been dominated by China, which accounts for 56 percent of the group's GDP. When China sneezes, most other emerging economies catch a cold. Brazil and Russia (and many smaller Asian economies) are essentially supplier-economies to China, in commodities and manufactured products."

Gavyn Davies, chairman of Fulcrum Asset Management and co-founder of Prisma Capital Partners

(China Daily Africa Weekly 07/24/2015 page2)