"Although capital investment has been advancing at a reasonably good pace," he said, "it has nonetheless lagged the exceptional rise in 3 profits and internal cash flow." Subsequently, aggregate cash holdings remained elevated through much of last year, even as the economy continued to advance smartly. Only in the very recent quarters has this trend seemed to abate somewhat.
China’s experience in developing the financial market demonstrates that unswervingly expanding opening-up provides strong driving force and crucial guarantee for building a market-based, lawbased, and internationalized financial market, and it is a key move toward enhancing the capabilities of the financial sector in serving the real economy and its international competitiveness.