In the future, measures will be taken to deepen and broaden the financial markets to satisfy demand of enterprises for foreign exchange products and risk management instruments, and change the foreign exchange administration policy that is strict with capital outflow and easy with inflow; greater convenience and facility will be provided in financial services to support enterprises going abroad in a better way.
Indeed, by Board staff estimates, the revisions imply that the stock of excess savings held by households is about 25 percent lower, which may imply a more subdued pace of consumer spending going forward than had been projected.