Ongoing gains in household consumption and in business capital spending to meet that expected demand and to take advantage of the cost-saving benefits of new technology form the foundation for a moderate pace of economic activity going forward. Continued solid economic expansion among our major trading partners should also provide support to production here at home.
Financial institutions of all sizes, including city commercial banks, rural credit cooperatives, trust companies and leasing companies, must establish and improve the modern corporate system. In this process, the key is to strengthen the corporate governance structure, and strictly select senior executives who are loyal, professional,clean and pragmatic.