Second, in the protection of stakeholders, good corporate governance means taking full account of the legitimate rights and interests of shareholders, 6/9  BIS central bankers' speeches  employees, customers, communities, creditors, as well as that of the upstream and downstream companies of the supply chain. CPC has always adhered to the fundamental principle of serving the people.
However, housing investment is expected to continue declining moderately, and there seems to be no substantial change in firms’ stance to reduce personnel expenses. Hence, it may take some time for households’ income conditions to improve and, in turn, for private consumption to recover.