Quotable

"Chinese policymakers well understand that the country needs to liberalize its capital market for efficient flows of capital, both internal and external, to fuel economic growth. As the economy is expanding, people's increasing wealth, mostly in terms of savings, also requires to be better managed."

HARVEY SCHWARTZ, president and co-chief operating officer of The Goldman Sachs Group, speaking on Sept 20 during his visit to Beijing after meeting Chinese politicians and regulators

"Strong import demand from China in the early part of 2017 has been a key driver of the higher-than-anticipated growth in the region."

ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT, report saying that China's economic growth will reach 6.8 percent year-on-year in 2017, although it may moderate next year to 6.6 percent, according to a forecast released on Sept 20.

"The renminbi exchange rate is steady and going up, the nation's foreign exchange reserve climbed for seven months and the Belt and Road Initiative is welcomed by foreign countries. So I believe we are at the golden time to promote renminbi internationalization."

SHENG SONGCHENG, an adviser to the People's Bank of China, quoted in China Daily on Sept 14.

(China Daily Africa Weekly 09/22/2017 page24)