Going forward, the current prospects of continued growth of the Chinese economy, albeit at lower rates than in the past, in conjunction with likely deeper and more extensive linkages between China and other economies in the region, as well as anticipated reforms in the former allowing a freer use of its currency externally, support the expectation of a further strengthening of these trends over the next several years.
The legislature, for example, needs information about the policy actions and an understanding of the rationale for the policy if it is to be able to hold the central bank accountable.