I was very much alive to the potential dangers of this crisis for our export-driven sector and could not be oblivious to its ripple effects on the rest of the economy. During the first week that I was back in office, this issue monopolised the agenda.
First, different degrees of intervention in banking business by the local governments have contributed to regional financial risk difference. Second, different performance of the judiciary system and law enforcement across the regions has led to different protections for the rights of the creditors and support for the financial institutions.