Healthy growth-inducing inclusive competition does not, however, emerge on its own. Without intervention, we get the competition of the jungle, where the strong prey on the weak. Such competition only encourages a certain kind of winner, one who is adapted to the jungle rather than the world we want to live in.
Data also show that restructured loans of banks grew by 158.7 percent as of end-August 2020 year-on-year. This growth is significantly higher than the average growth rate of restructured loans of 36.0 percent for the past five years. Meanwhile, the volume and value of electronic payments surged in the past months.