With the economic activities being more and more complicated, the financial institutions increasingly rely on credit reporting department or social credit reporting agency to enhance the investigation and analysis of the credit status of borrowers. The establishment of credit information system has not been put on agenda in China until recent years.
Given that the Canadian economy grew at a faster pace than anticipated in the first half of 2002, there is now less excess capacity than was projected in our April Report. The economy is expected to be operating at full capacity in early 2003 - sooner than previously anticipated.