I also discussed how persistently low inflation is costly, and how changing the 2 percent inflation target would damage the central bank’s credibility. For these reasons, I am committed to lowering inflation to our 2 percent target. This is a very exciting time to study economics.
So under the leadership of the CPC Central Committee, with the support of relevant departments and government at various levels, China’s bankcard industry has made great achievements through joint efforts of the commercial banks, users and China Union Pay (CUP).