Quotable

UBS' decision may not be the response to any short-term market changes. It is much more about its long-term strategy in China."

Sergio Ermotti, chief executive officer of UBS, saying the Swiss bank plans to double its employees in China, offering a vote of confidence as concerns about slowing economic growth have unsettled both the domestic and global stock markets.

"This will make great strides at changing the way Chinese followers watch and understand the game."

Wei Jianglei, senior vice-president of Sina Sports, saying the online sports content division of Internet company Sina Corp has reached a long-term deal with Manchester United to provide the English Premier League club's video content to Chinese soccer fans.

"We are seeing a preference for working in local IT companies. Chief information officers working in multinational corporations are actively looking for opportunities with local Internet ventures, especially with the three biggest players: Baidu Inc, Alibaba Group Holding Ltd and Tencent Holdings Ltd."

Edmond Pang, business director of Hays China, saying that despite the uncertain economic climate, a study shows Chinese mainland employers are still more generous than their global peers when it comes to pay rises.

(China Daily European Weekly 01/15/2016 page24)