The trade surplus is estimated to be over $ 100 billion this year. There is also $ 40 billion of foreign direct investment. The supply of foreign exchange exceeds demand and the exchange rate of the renminbi remains stable. Moreover, the renminbi has become fully convertible in the current account.
Our experience proves that we are right in adopting an appropriately tight financial and economic policy. Our ability in performing macro-economic operations has improved greatly and our achievements are recognised internationally. Despite the foregoing, several major problems remain to be solved. The percentage of financial revenues in GDP is still falling. The asset quality of banks still needs to be improved.