Quotable

Compared with facial and fingerprint recognition, the error rate of iris recognition is much lower. Iris recognition is the most stable, accurate and safest biometric identification technology at present."

Wang Xiaopeng, founder of EyeSmar Technology, a Beijing-based startup. The company has applied biometric iris recognition technology to finance, education, public security, social security, healthcare and public welfare.

"Thanks to blockchain's advantages in safety, sharing, mutual trust and openness, we can use the technology to build a trust system for various parties to transactions and achieve highly efficient and low-cost flow of information and value."

Lyu Jiajin, president of Postal Savings Bank of China Co.The bank announced on Jan 10 that it had launched a blockchain-based system for its asset custody business. It is the Chinese banking sector's first application of blockchain technology to the core banking business system.

"UK toy companies are trying to open up the Asian market, particularly China. ... The reality is that competing with China in terms of raw materials and labor costs is always a very difficult thing to do, but we do have some very good brands making headway in the Chinese market."

John Baulch, a UK-based toy expert

(China Daily Africa Weekly 01/13/2017 page24)