"A true change in the old economic development model relying heavily on investment and exports will only be possible if the credit-hungry economy is adjusted."

Xiao Gang, chairman of Bank of China Ltd, saying that changing the policy approach to tackle the downturn will help rebalance the economy.

"Chinese companies are taking advantage of buying opportunities to acquire resources and industrial technology-focused businesses in overseas markets."

Roger Liu, a private equity partner with PricewaterhouseCoopers in China, saying that global difficulties have not greatly affected Chinese companies' mergers and acquisitions activities overseas.

"I have many friends in the Western environmental movement, and they believe China now leads the world in renewable energy."

John Ross, visiting professor at Shanghai Jiao Tong University, commenting on the fact that China has announced a 40 percent increase in its target for solar energy production.

(China Daily 08/17/2012 page14)