That is, it is up to the market to determine what enterprise debts fare well and what don’t, prices of products and consequences of default. If the market does not exercise effective constraint, we will have to use administrative and supervisory means for constraint, ensuing a series of problems.
Prior to the pandemic, the online share of retail sales was trending up and had reached around 7 per cent. It is currently just under 10 per cent. We don't expect this shift will be reversed.