Quotable
The deal represents our biggest investment so far in charging facilities in China.
Peggy Yang, Tesla's China spokeswoman, after the electric carmaker decided to join China's No 2 mobile carrier, China Unicom, to build charging outlets across the country to push sales.
It is creating waste and overlapping development strategies in the regions, which is something the government should look at.
Durrell Mack, head of Tianjin branch of real estate services firm Jones Lang LaSalle, says China's plan to integrate Beijing, Tianjin and Hebei province into the so-called capital economic circle poses a serious risk of oversupply in real estate if a well-coordinated development strategy is not in place.
"In developed countries, aluminum is widely used in construction, while 70 percent of China's buildings still use timber."
Stein Erik Hagen, chairman of consumer goods manufacturer Orkla ASA Group and hardware store chain Jernia, believes that the demand for aluminum products in China will reach 20 million metric tons in the foreseeable future because of the boom in construction and transport.
(China Daily Africa Weekly 09/05/2014 page18)
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