However, there appear to be increasing tensions between the goals of shoring-up short-term growth and pursuing institutional reforms that would help to sustain growth over the longer term and assist with the rebalancing of demand from investment to consumption. The Chinese authorities have an expansive agenda of reforms necessary for this transition and progress has been made on a number of fronts.
We have to await the mid-term appraisal of the Eleventh Plan for an update of the above numbers. Regardless of any revision the numbers may undergo, what is clear is that the financing needs of our infrastructure are huge. 42. A big issue in bank financing of infrastructure is the asset-liability mismatch.