Quotable

"The devaluation of the renminbi is not enough to improve China's export competitiveness, but it does create the sense that Beijing may have fundamentally shifted its currency policy. The risk now is that investors see the yuan as a weak one-way bet and start to position against the currency, raising the prospect of further weakness and more economic uncertainty."

Stuart Allsopp, head of country risk and financial markets strategy at BMI Research, based in London

"Many iron and steel mills carried out maintenance programs during the summer. Their ability to drop output shows demand for steel remains weak due to a fall in infrastructure construction and property sector activity."

Ma Kai, analyst at China International Capital Corp Ltd

"The global market is less competitive compared with that of China, and the number of competitors is also much lower."

Yang Yuanqing, chairman and CEO of Lenovo Group Ltd, after the company reported vibrant sales of its smartphone in overseas markets despite a slowdown in China

(China Daily European Weekly 08/21/2015 page2)