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"For future development, we suggest Beijing supports standardization in supply chain management to better participate in global governance," Fung said.

"Garbage sorting should become a fashion in the society, and I encourage everyone to participate in this initiative," he said. "For the next step, the municipal government will ensure the newly approved regulation will be well implemented."

"For technology companies, we make decisions on credit grants mainly based on their market deployment and our judgment of their growth potential and value in the future. It is quite different from granting credit to traditional companies based on our evaluation of their cash flow and collateral," Hu said.

"For many of our members, the (cost) of the raw material could be as much as 60 or 70 percent of the cost of the finished parts," Hardy added. "So the increase is significant."

"Given that there are UK parents who would jump at that price for a place in one of these schools, and there are wealthy Chinese parents who would be willing to pay ten times that price for a place, the consortium is underselling a highly prized resource at a time when concerns about economic inequality, equal access and the privatization of government services are particularly acute,"Fisher said.