This step, if successful, may lead to a fundamental change in China's economy and credit market. Improved credit access should contribute to a boom of small and medium enterprises in China.
Yiping Huang
It's not going to change. At the moment, the government is trying to slow momentum a bit, but we're not seeing slowing.
change government moment
We think it will be the fourth quarter of this year.
I'm a bit concerned about the growth going forward
growth forward
This is a very important step in improving U.S.-China trade relations. Problems still exist, but what this illustrates is they can sit down, talk and resolve disputes.
problems improving resolve exist talk important relations trade
If you look at the allocation of investment, there was definitely an improvement, so that's a big positive step.
positive improvement big investment
But if you look at the aggregate level, it is still a problem.
problem
The Chinese economy faces four types of structural challenges? Over investment, too much dependence on external demand, inefficiency in resource use, and regional disparity and income inequality.
chinese challenges dependence inequality economy faces demand income investment
change market small successful economy china credit
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