Quotable

"December and Q4's better-than-expected data will unlikely trigger any immediate significant new easing measures for now, but the first rate cut may happen (around) March or April, when even the lower consumer price and producer price indices are reported."

Wang Tao, chief China economist with UBS.

"We expect the proliferation of these offshore clearing centers to drive greater issuance of dim sum bonds by both Chinese and non-Chinese governments, financial institutions and corporations in 2015."

Fitch ratings in their latest report as the yuan continues its ascent among international payment settlements, trades and currency investment.

"Banks must improve supervision of their operations to prevent their clerks from conducting illegal business while keeping other people in the dark."

Zhao Xijun

(China Daily Africa Weekly 01/30/2015 page18)