And this contribution is less difficult to deliver in an environment where governments and social partners contribute to confidence and potential output growth. I would also like to emphasise the strong complementarities of carrying out sound policies in the different fields.
China has entered a new stage of development and we will fully implement the new development philosophy, actively advance supply-side structural reform, and constantly foster the pattern of mutually-reinforcing domestic and international circulations. As for the financial sector, we must promote greater opening-up, improve corporate governance, accelerate market-based mergers and acquisitions, regulate online platforms, and ensure fair competition.