China has achieved phenomenal economic growth over the past 30 years and during that time it has learnt many valuable lessons from both developed economies and developing nations.
Failure to prevent dubious listing by unqualified companies - and rigid profit - making requirements for firms applying to go public - have made the domestic A-share market an unattractive prospect.
RRR is not the only or main constraint to credit expansion and credit is not the main culprit to the problems in the real economy.
State Council on Friday announced that it would cut reserve requirement ratio for banks that lend to the agricultural sector and small enterprises.
The intensifying of the mini-stimulus measures reflects the authorities' commitment to protecting the "lower bound" of the growth target.
Exchange rate of the Chinese yuan against the US dollar continues to depreciate at the beginning of this year, which undoubtedly contributed to the upturn of the country's trade activities in April.
The timing of the authorities' latest promise on financial reforms might have made it look like a stopgap effort to boost the country's sagging stock market.
Deutsche Bank, which opened its seventh office in China on May 8, has a positive outlook on China's economic growth and the government's commitment to market liberalization.
Evidence is emerging that international finance will take over from trade as the principal projector of China's global influence.
Since the beginning of this year, the renminbi has been depreciating against the US dollar. That marked a departure from the earlier trend of the Chinese currency appreciating against the US greenback.
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