I understand that with us this evening, in addition to Eastern Credit Union members, are stakeholders as well as officials of the national credit union leadership. Accordingly, I would like to take this opportunity to talk a bit about some issues that have been the subject of much public debate in recent months having to do with the prudential supervision of credit unions.
Being a highly responsible country, the Chinese government made the decision of no depreciation of the RMB with an aim of safeguarding regional stability and promoting development, which played a pivotal role in maintaining economic and financial stability of the Asian countries and the world at large, as well as Asian countries’ economic recovery and regaining of rapid growth in later years.