Quotable

The government is increasing investment in Africa, which gives Chinese IT companies bigger options to land deals."

Sun Pishu, CEO of Chinese server maker Inspur Technologies Co Ltd, as Chinese companies help Africa build an information highway, including Chinese participation in laying a 6,000-kilometer cable connecting Cameroon and Brazil.

"Chinese manufacturers from both the state-owned and private sectors are not only confronting cumbersome issues such as the appreciation of the yuan, rising financing costs, fierce competition with emerging countries in low-end product market, but also have to tackle various cases generated by trade protectionism."

Zhi Luxun, deputy director-general of the department of foreign trade at the Ministry of Commerce, saying China is increasingly becoming a victim of protectionism, with trade remedy measures against Chinese products rising significantly from January to November.

"Wanda Sports is looking to be the first company in the world to have $10 billion in sports-related investments."

Wang Jianlin, chairman of Dalian Wanda Group Corp Ltd, after signing an agreement with Guangzhou Mayor Chen Jianhua on Dec 28 for a new Wanda Sports building in Huadu, a suburban district at Guangzhou. It is being set up with registered capital of about 1 billion yuan ($154 million; 141 million euros).

(China Daily European Weekly 01/01/2016 page21)