For several years, the world economy has been characterized by ample liquidity. In comparison with historic norms, long-term real interest rates have been low, and money and credit have grown fairly quickly in most G-7 countries and in such emerging-market countries as China and India.
As a macro financial regulator, the PBC attaches great importance to this task and has made strenuous efforts in advancing financial reform, improving financial services in rural areas and strengthening financial support to balanced urban-rural development according to the overall arrangements of the State Council. First, deepen rural financial reform.