Quotable

One of the striking successes of the Chinese economy is that, even though there have been a number of surprises, its growth rates have been very stable. ...(While) growth turns negative when there are shocks in the rest of the world, the Chinese government makes sure that growth continues."

Paul Romer, chief economist of the World Bank on March 19 on the sidelines of the three-day China Development Forum.

"Universities and research institutes generate innovation while the market brings entrepreneurship. Technology transfer is the integration of scientific achievements and entrepreneurial resources."

Chen Dongmin, former director of the Office of Science and Technology Development at Peking University. Three Chinese incubators and two foreign companies agreed to establish an international business incubator. Beijing International Co-Incubation. in Beijing, as part of their effort to transform existing technologies and effect technology transfers.

"China also needs to ensure that the current, massive investment in technologies, including the internet, robotics and virtual reality, will be leveraged to the benefit of its industries, by linking those industries to scientists, engineers and entrepreneurs, and by bringing top talent close to the factories."

Charles-edouard Bouee, global chief executive officer of Munich-based consulting firm Roland Berger

(China Daily European Weekly 03/24/2017 page24)