Quotable

"Chinese consumers remain optimistic about job prospects, personal finances and spending in the coming year when compared with their global peers in most of the world's markets."

Yan Xuan, president of Nielsen China, said on Feb 10 after Nielsen's Consumer Confidence Index declined four percentage points in the fourth quarter of 2014 as outlooks for employment and personal finances weakened in smaller cities.

"The major monetary policy path will not change."

Zhu Haibin, chief China economist at JPMorgan Chase & Co in Hong Kong, said amid reports the People's Bank of China will lose three of its four deputy governors as personnel changes sweep through the central bank.

"A substantial depreciation of the yuan is unlikely to happen this year. Deutsche Bank forecasts that the exchange rate between the dollar and the yuan will be 6.2 by the end of this year, which is the same as it was at the end of last year."

Zhang Zhiwei, economist at Deutsche Bank

(China Daily Africa Weekly 02/13/2015 page18)