Quotable

The one-off depreciation of the renminbi has now ended. The likelihood of any further dramatic fluctuations in the currency in future has been vastly reduced."

Ma Jun, chief economist at the People's Bank of China

"Now is not a good time to launch a real estate tax and more thought needs to go into its planning. Under normal circumstances, the tax might have a negligible influence on the property market. However, the current market is very sensitive, and any tax adjustment may lead to market volatility."

Yang Zhiyong, an economic researcher at the Chinese Academy of Social Sciences

"The recent adjustments in the yuan exchange rate mechanism have been made to mirror changes in global economic conditions, and make the currency more flexible. The government is not going to stimulate exports by doing this, and depreciation will not become a trend."

Yi Xianrong, a researcher at the Institute of Finance and Banking under the Chinese Academy of Social Sciences

(China Daily Africa Weekly 08/28/2015 page18)