I think it’s a difficult case where you need really more structural reforms of course, but that’s a different sort of situation. Talk to me about risks: there is China, there is trade, you mentioned Brexit. What is your biggest concern? Praet: Yes, well, the concerns in general are of political nature.
In 2002, the 16th CPC National Congress adopted in its report the decision to “steadily advance market-based interest rate reform and optimize the allocation of financial resources”.