On the other hand, to bring down savings ratio, East Asian nations should attend to various aspects including economic growth pattern, industrial structure, pricing mechanism, etc., carry out a package of comprehensive adjustments and reforms, and strive for medium term effects. It cannot be denied that reform of the exchange rate formation mechanism is part of this recipe.
In terms of financial inclusion, we have far exceeded the Government target to increase the proportion of the population with access to finance to over 70% by 2018 under the Second Medium Term Plan, 2013–2018. •  The proportion of adult population using formal financial services rose to 75.3% in 2016. •  The rural-urban formal financial access gap has narrowed since 2006.