"This is the mega trend. The bond market, compared with other channels through which local governments have raised debts, is a much more regulated channel."

Jia Kang, director of the Research Institute for Fiscal Science under the Ministry of Finance, saying that the decision to allow 10 provinces and cities to make direct bond issues from this year will spur the urbanization drive in China.

"We welcome competition, as it creates more awareness of the category and interest.

Jonathan Seliger, president and CEO of Coach China, saying that the luxury goods seller aims to be inclusive, relevant and more accessible in China.

"Nuclear power is crucial and a necessary choice for Hunan to restructure its energy mix and generate enough power to meet demand, since there is a huge gap between energy supply and demand in the region."

Wang Liangfang, director of Hunan provincial energy bureau, saying that inland nuclear power projects should be restarted as part of the government efforts to reduce air pollution in China.

(China Daily European Weekly 05/23/2014 page18)