Quotable

The latest fiscal measures include expanding the local government debt swap program, mobilizing fiscal funds and tax reforms."

Zhu Haibin, chief economist in China with JPMorgan, saying that fiscal policy will be one of the key tools in maintaining reasonable growth in the fourth quarter.

"There have already been a lot of encouraging policies, but the development of new-energy vehicles might still need some tough measures."

Zhang Yu, managing director of Automotive Foresight (Shanghai) Co Ltd, says reducing taxes will help stimulate sales of new-energy vehicles. The central government on Sept 29 decided to accelerate the development of fuel-efficient new-energy vehicles to reinforce its green goals.

"Over the past three decades, China has established an effective framework of commercial laws in most key business areas and the critical issue is their implementation and enforcement."

Zhao Ying, a researcher at the Institute of Industrial Economics at the Chinese Academy of Social Sciences in Beijing, commenting as the Ministry of Commerce on Sept 29 fined Microsoft Corp and its Chinese partner 200,000 yuan each in an Xbox game console venture for breaching antitrust rules. It did not impose more serious punishment after it found they did not hinder free market competition.

(China Daily European Weekly 10/01/2015 page18)