Quotable

The US recovery is far from strong at the moment. I don't think they will sacrifice themselves for the general well-being of the rest of the world. That is just not consistent with the way the US does things.

Zhou Hao, economist with Australia and New Zealand Banking Corp, saying that if the US stopped printing money, it would benefit China and the rest of the world, although he doubts the world's biggest economy will do so.

As China's economy continues to rebalance away from investment toward consumption, growth naturally has to slow. That's a good thing. It is definitely not a bad thing.

Michael McDonough, Bloomberg chief economist, saying that China's transition toward a consumer-driven society will not be a quick process.

Since the country is at a crucial stage in its growth model transition, five to seven years would be more reasonable for China to realize its boldest reforms since opening up.

Fred Zuliu Hu, chairman of China-based investment firm Primavera Capital Group, saying that the next five to seven years will be a crucial period for implementing the reforms proposed by Chinese leaders.

(China Daily Africa Weekly 11/29/2013 page18)