"Surging stock prices have helped many people become billionaires rather than millionaires, especially as many start-up companies look to launch IPOs in China."

Lu Jinyong, a professor at the University of International Business and Economics in Beijing.

China stands fourth in the global ranking of US dollar millionaires following the United States, Japan and Germany, which together account for 60 percent of global millionaires, said Capgemini of France and the Royal Bank of Canada.

"China's appetite for 3-D printing technology has surged since last year. This increasing demand means it has the potential to become the world's leader within 3-5 years, by turnover."

Graham Tromans, president of the 3-D printing consultancy, G. P. Tromans Associates, of the UK.

"Cultural values change with time, and young art buyers and collectors are more attracted to the work of people closer to their own ages."

You Yang, deputy director of the Ullens Center for Contemporary Art, a Beijing nonprofit art institution. A young generation of Chinese collectors with eclectic tastes is assuming a growing role in the nation's art auction market, and are set to lift the fortunes of the country's contemporary painters and sculptors, he said.

(China Daily Africa Weekly 06/27/2014 page18)