Quotable

If you can't be among the top three giants it is very hard to develop your business in the chip industry. The next five years are key. There is an enormous market out there."

Zhao Weiguo, chairman of Tsinghua Unigroup Ltd, who says the company plans to invest 300 billion yuan ($47 billion; 44 billion euros) over the next five years in an effort to become the world's third-biggest chipmaker.

"The central government is keen to restructure China's huge but fragmented shipping industry to create larger players to compete with global rivals such as Maersk Line of Denmark and Mediterranean Shipping Co SA of Switzerland."

Dong Liwan, a professor in international shipping at Shanghai Maritime University, says the merger and restructuring of two giant state-owned companies, Sinotrans and CSC Holdings Co Ltd and China Merchants Group, is almost certain.

"Rapidly rising consumer spending has yet to offset the decline in traditional industrial investments."

Ulrich Spiesshofer, CEO at Swiss engineering group ABB, after reporting a fall in net profit and revenues for the third quarter.

(China Daily European Weekly 11/20/2015 page14)