Second, the eventual sheer size of the Asian economy is such that it will have to absorb more of its own output as it continues to grow. Continental-size economies such as the  BIS central bankers’ speeches  5  United States and the euro area have long done so.
In the course of cultivating China’s modern credit culture, the PBC has been fully aware of the import of strengthening publicity and education among the public including lending institutions and is now strengthening its works on this aspect. Finally, I’d like to emphasize the importance of legislation for the credit reporting industry. The modern credit culture should be based on the legal safeguard.