Quotable

The concept that fast income growth among workers will affect the country's economy is wrong. Higher incomes can expand consumption, drive economic growth and alleviate the pressure of the social security fund, which are tricky problems for China."

Tan Haojun, a financial commentator

"The A-share market will continue to be volatile in the next week. The Shanghai 50 Index may adjust at first and force the whole stock market to show systematic adjustments. The market may see an increase at the beginning of next week and then retreat by 300 points to 500 points thereafter."

Wen Guoqing, chief economist with Lianxun Securities

"China has to free up sectors such as finance and energy and telecommunications, and really open up the services market. There will be real magic when they do that."

Hank Paulson, former US Treasury secretary and head of Goldman Sachs

(China Daily Africa Weekly 06/19/2015 page18)