Quotable

"If sales in the fourth quarter fail to clear inventories as developers want, more price cuts are still likely in the first quarter of next year."

Donald Yu, Shenzhen-based analyst at Guotai Junan Securities Co. Chinese housing prices fell in 69 of the 70 cities in September, the National Bureau of Statistics said, the most since January 2011, when the government changed the way it compiles the data.

"Although I understand the students' aspirations, what the protest leaders have demanded - "civil nomination" of candidates for the election for chief executive - is against the Basic Law and the decisions of the National People's Congress Standing Committee, and therefore cannot happen."

Tung Chee-hwa, vice-chairman of the National Committee of the Chinese People's Political Consultative Conference, expressing his support for Hong Kong's Chief Executive, Leung Chun-ying.

(China Daily European Weekly  10/31/2014 page3)