Quotable

The amended rules governing foreign investment in the motorcycle and battery sectors will definitely have an impact on domestic players, which may help accelerate technological upgrading."

Zhao Zhongxiu, vice-president of the University of International Business and Economics. The State Council said on July 19 it will temporarily allow foreign manufacturers to establish wholly owned companies in several key industries in China's free-trade zones in Shanghai, Tianjin and Guangdong and Fujian provinces.

"If China opens its capital market to foreign investors effectively, the country will soon draw substantial capital inflows, which will change depreciation expectations on the renminbi."

Liu Ligang, managing director and chief economist for China at Citigroup Inc, speaking in Beijing on July 20.

"With a goal of becoming one of the largest cruise home ports in Asia, Sanya's Phoenix Island will be able to berth five cruise liners and have a tourist handling capacity of 2 million people a year."

Liu Junli, chairman of Sanya International Cruise Development Co Ltd. In order to tap the travel market in the South China Sea, the company will purchase between five and eight cruise and passenger liners over the next five years and build four docks on Sanya's Phoenix Island.

(China Daily Africa Weekly 07/22/2016 page24)