"Given the current fluctuations in exchange rates, an improved financial services system will help SMEs better cope with the business downturn."

Zheng Qun, a senior analyst at Shenzhen Onetouch, saying that an improved financial system will help mitigate the funding woes of SMEs. According to a recent report published by Shenzhen Onetouch Business Service and Shenzhen-based Wanren Market Research, more than 70 percent of the SMEs in the Pearl River Delta region are facing an acute shortage of funds.

"For the foreseeable future, I think China's growth will be around 7 percent."

Yi Gang, deputy governor of the People's Bank of China, saying that fears over China's economic growth slowing are unfounded. Yi says that the third-quarter figures show the economy is rebounding.

(China Daily European Weekly 10/18/2013 page18)