By March of 2007, 24 provinces (cities) nationwide have carried out the student loan business for local students, 13 provinces and cities have issued regulations on loan extended to local students, 11 provinces have provided interest subsidy by local fiscal agencies, and 6 provinces have put forward measures of risk compensation.
The ratio of total external transactions (gross current account flows plus gross capital account flows) to GDP – an indicator of both trade and financial integration – was 112 per cent in 2008–09 up from 44 per cent in 1998–99. 5. There is another fundamental aspect that we cannot lose sight of.