China to deepen reform of financial systems: report
China will deepen the reform of its financial systems by improving services for small and micro businesses and making Renminbi convertible under capital accounts, according to a report distributed to the media Monday morning.
China has become increasingly reliant on investment spending to deliver GDP growth, which reflects the way in which the exceptionally large credit stimulus was implemented after the Lehman crisis, financial services firm Citi's Emerging Markets Macro and Strategy Outlook has said.