Quotable

"Bad-asset securitization will not fundamentally solve the problems related to bad loans, which could only be disposed through means like selling, corporate restructuring and settling with the debtor."

Xiao Bo, founder of Zero and One Internet Technologies Co Ltd, a Beijing-based enabler of trading in bad loans. China has restarted securitization, or turning debt into securities such as bonds, after halting it in 2009.

A self-driving car will be no different from a robot with wheels. It will be able to see, listen, talk, think, make decisions and act."

Wang Jin, senior vice-president of Baidu Inc, the Chinese tech company, which in December set up a business unit to develop self-driving technology.

"It's clear China needs to put growth on a sustainable track and that there needs to be renewed efforts for economic restructuring. Therefore, we feel the Chinese leadership's call for supply-side reform, announced late last year as a strategic framework for the 13th Five-Year Plan (2016-20), is particularly timely."

Harley Seyedin, president of the American Chamber of Commerce South China, which on March 1 published a white paper on the business environment in China.

(China Daily Africa Weekly 03/04/2016 page24)