Quotable

"Greater outbound investment by SOEs is going to take place, and many of them lack the ability to properly manage risks. ... And the lack of accountability of senior executives for poor or failed investment is one of the reasons that lead to radical decision-making and loss-making deals."

Xu Baoli, director of the research center at the State-owned Assets Supervision and Administration Commission According to a guideline issued by the Ministry of Finance on Aug 2, China has tightened scrutiny of overseas investment by State-owned enterprises, ordering them to improve investment decision-making, strengthen internal auditing and carry out responsible due diligence.

"Apple is losing share in the $300 to $500 price band, as older iPhones fail to compete with affordable premium Chinese flagship models."

Neil Shah, research director at consultancy Counterpoint

"China is the leading mobile market in the world today and has the momentum to lead the global VR market as well."

Alvin Wang Graylin, HTC Vive China president

(China Daily Africa Weekly 08/04/2017 page24)