Quotable

"The image has significantly restrained Chinese companies' price negotiations and their overseas expansion."

"China is and will continue to be a very important market for Nokia."

Stephen Elop, CEO of Nokia Corp Ltd, saying China is the biggest market globally for Nokia's Lumia phones, which use the Windows Phone operating system. Since Nokia launched its first Lumia smartphone in China about a year ago, the company has introduced seven Lumia models to the Chinese market. Elop said about 250 million Chinese people use Nokia phones.

"We are not targeting any specific company as a rival in the market. As a state-owned company, all we try to do is help the government maintain a stable market price while securing income growth for farmers."

Wang Qingrong, Sinograin Oils Corp's vice-president, saying eyeing overseas investments remains its medium-term strategy, and it is unlikely to take action within two years. The oil-making arm of the state-owned conglomerate China Grain Reserves Corp is targeting investments in South America and Southeast Asia to strengthen its control over the supply of foodstuffs such as soybeans and palm oil.

(China Daily 12/14/2012 page14)