The geographical distribution of industries improved as the labor-intensive industry accelerated its reallocation to the central and western part of China, facilitating the implementation of national development strategy. In 2008, share of central and western region in China’s GDP was 37.1 percent, up 1.3 percentage points from 2005.
11211 which amends the BSP charter is very timely as it enables us to cope with constantly evolving challenges. This new law bolsters our capability to safeguard the stability of prices and the financial system. A mandate for all This brings me to my next point—that strong institutions are critical in nation-building and this is true for a central bank.