Quotes from around China this week

“We are not interested in the US market anymore.”
- Huawei Executive Vice President Eric Xu. Tech in Asia

"I don't know why the market does not believe China. When it says it is going to do something, it usually does."
- James Leaton from Carbon Tracker on the stock market betting China (and the rest of the world) won’t live up to pledged carbon cuts. Guardian

“The foundation for economic turnaround is not firm. Consumption is unable to provide a very strong impetus to economic growth, enterprises are less able and willing to invest, and external demand will not change for the better in the near future.”
- National Development and Reform Commission. China File

“We’ll see, in the months ahead, whether China’s leaders are serious about reining in risk and forcing a real economic adjustment, or whether they’re hopelessly addicted to a credit-fueled investment binge. But they can’t keep flying around forever. The meager returns to China’s latest credit splurge suggest that the fuel in China’s gas tanks is running out. The engines are already starting to sputter. Their instincts are to pull up, when they really should be landing the plane.”
- Economist Patrick Chovanec. China File

“Chinese audiences want more from Hollywood movies — not just spectacle, but stories that engage them.”
- Michael Andreen, a consultant to the Chinese media firm Le Vision Pictures, on American film studios needing to acknowledge the sophistication of Chinese viewers. New York Times

“Compared to the opaque system that most state-supported charity organizations have, nongovernmental organizations and the newly emerged so-called microcharities follow a more transparent system.”
- Deng Guosheng, the director of the NGO Research Center at Tsinghua University in Beijing. Many Chinese have been reluctant to donate to state-backed charities like the Red Cross Society of China. New York Times