Quotable

"According to the provincial data that have been released so far, the risk from local government debt is still generally under control. These disclosures, which are a first, offer much more clarity for investors who want to invest in specific regions."

Li Yan, an analyst with China Chengxin International Credit Rating Co Ltd. China has increased the transparency of its local government debt by allowing local governments to issue independent reports on their liabilities, a move analysts said showed Beijing's increasing seriousness in dealing with the issue.

"China will further boost its economic growth, which used to rely on an abundance of cheap labor, through structural reforms."

Cai Fang, director of the Institute of Population and Labor Economics of the Chinese Academy of Social Science. China's comprehensive reform portfolio, if implemented adequately, could bring the country another two decades of high economic growth, he said.

"Importantly, we expect this rate, more than 140 aircraft deliveries a year, to continue this year and in the future."

Marc Allen, president of Boeing China. The Boeing Co hit a new record by delivering 143 aircraft to the Chinese mainland last year, a 60 percent year-on-year increase. Allen said China's fast development of air traffic and airlines are the main reasons for Boeing's delivery growth.

(China Daily Africa Weekly 01/31/2014 page19)