Quotable

"The shift in the growth model will definitely have a short-term impact on the Chinese economy as well as the global economic performance, which remains disappointing."

Sri Mulyani Indrawati, World Bank's managing director, reacting to an announcement that China's gross domestic product growth will decline to 7.3 percent in the third quarter this year compared to the previous year. She warned that an over-reliance on the macro policy was "something that needs to be avoided, especially in the long run".

"In general, family businesses in China are in reasonably good shape in terms of growth."

Jean Sun of PricewaterhouseCoopers said after the company issued a report on Oct 21 explaining that Chinese family enterprises have seen stronger growth than the global average. The firm said it is bullish about growth over the next five years.

"As the external market continues to improve due to the approaching Christmas holiday, which is usually a peak time for orders, business for Chinese exporters in the (Pearl River) Delta region will continue to improve in the months ahead."

Xiao Feng, deputy general manager of Shenzhen Onetouch, a subsidiary of Alibaba Group Holding Ltd, said after the company reported that business will continue to improve for small and medium-sized exporters in the Pearl River Delta in the near future on the strength of increased seasonal demand from overseas buyers.

(China Daily Africa Weekly 10/24/2014 page18)