Some monthly indicators, which extend into or cover the third quarter of this year, point to some moderation of these high growth rates. In particular, the pace of growth in industrial production appears to have declined somewhat and some survey data showed signs of moderation. At the same time, however, confidence remains high, underpinned by positive factors such as high employment growth.
With strong support from all sides and our joint efforts, Shanghai is bound to become a high-level international financial center based on RMB-denominated financial assets, and will play a bigger role in advancing China’s financial opening-up and high-quality economic development. I wish the forum a complete success. Thank you. 3/3  BIS central bankers' speeches