From my time as a commercial banker, I already understood the factors considered by bankers in the initial lending decision as well as those in loss mitigation when collecting those same loans. As a central banker, I have come to appreciate even more fully the role of credit in our economic well-being.
The Chinese economy is likely to broadly follow a stable growth path as authorities implement fiscal and monetary policies in a gradual manner. The growth rates of other emerging and commodity-exporting economies are likely to rise on the whole, mainly on the back of the effects of those economies' stimulus measures.