"We have seen the growing demand from employers for business talent with extensive experience in China and the West."

David Huang, veteran headhunter in Beijing, says more business schools in China want experience from the West and elsewhere to meet the country's growing demand for business elites.

"We know that we have let down our customers, the government, and the public of China. We understand that we need to rebuild and again earn respect, trust, reputation and forgiveness."

Sheldon Lavin, chairman and chief executive officer of OSI Group, as he apologized for its Shanghai company, which is accused of selling expired meat.

"As local governments' financial situation deteriorates going into next year, market concerns for an explosion of shadow credit defaults may yet revive."

Wang Tao, economist with UBS. Investors have become cautious about the market with the deteriorating health of China's trust industry, he says.

(China Daily European Weekly 08/01/2014 page20)