We speeded up the development of financial market especially the inter-bank bond market in order to address the waning direct financing proportion and to diversify financing channels for enterprises while further steps were taken to implement the commercial bank share holding restructuring.
The second is related to the nature of the economic data that we’ve seen in the first part of this year. I’ve described how inflation rose and unemployment fell. It’s also true that real GDP grew at less than 1 percent at an annualized rate in the first half of the year. And the outlook for real GDP growth has slipped too.