In this way, the courts protect the SARB against any unlawful encroachment of its independence. Furthermore, the notion of a central bank as a public institution, with the goal of promoting monetary and financial stability in the interest of the general public, is remote from the traditional concept of a commercial company with a profit motive.
China is now the second largest economy in the world, and the IMF estimates that, measured in purchasing power parities, China might have overtaken the United States in 2014 to become the world’s largest economy. Thus, China is an important player on the global stage. According to IMF data, China accounted for more than one third of global economic growth in 2014.