"The profitability of the (steel) industry is on the verge of becoming a deficit."

Zhang Changfu, vice-chairman of the China Iron and Steel Association, speaking of the glut in the market.

"If the economic situation worsens, China can ease more."

Zhang Zhiwei, chief China economist at Nomura Holdings Inc, speaking of monetary policies such as cutting reserve requirements and interest rates to bolster the country's economic growth amid global market uncertainties.

"Chinese investment in the US offers great potential and will help stabilize growth in the next decade."

Ge Shunqi, deputy head of the Institute of International Economics at Nankai University in Tianjin, saying investment from China is particularly welcomed as efforts continue to pull the US economy out of the doldrums.

(China Daily 08/03/2012 page14)