A less than 3 per cent rise in GDP is hardly inspiring to regain confidence in the economy. BIS Review 64/2001  3  How can the perceptions of these two groups be ever reconciled or would they continue to differ? No Government – Civilian or Military – can afford to ignore the genuine aspirations of its domestic constituents.
For more than two years, we have remained committed to rectification of market irregularities and dismantled shadow banks, achieving a net reduction of RMB13.74 trillion of high-risk assets, consequently shortening the financing chain and lowering financing costs. Currently, there are signs of relaxed regulation in the world that promote resurgence of shadow banks, which requires us to be ever vigilant.