All of this is contributing to slower growth in China, but it’s the right path to more sustainable growth in the future. Unfortunately, the trade conflict is making what was already a delicate balancing act for the Chinese authorities even tougher. Finally, economic growth will make public debt more sustainable—if we play our cards right.
Banking/financial products and services for senior citizens I turn next to some of the specific measures relating to financial products and banking services for senior citizens taken by GOI, RBI and the banking system in the recent period.