The recent national economic survey has apparently found another 2.4 trillion yuan (296 billion dollars) worth of output.
You've vested authority in your executive director. Two minutes ago when you adopted those bylaws, you empowered him.
This could give the senators more meat for their argument.
They seem to think he's a Mexican. Both he and his parents were born in the San Joaquin Valley.
They're basically clinically equivalent, but one point of market share is worth millions of dollars, so if they can move the needle one way or the other with some new data, it's worth it for them to try.
Any analysis of the demographics of emerging markets tells you that consumer finance is going to be an important part, and a rapidly growing part, of the financial-services spectrum for a long time to come,
I'm surprised it hasn't happened earlier. This kind of volatility is hardly earth shattering.
Beijing is becoming like a massive aid donor. It will face exactly the same problems as the World Bank faces aiding Third World countries.
The IMF (International Monetary Fund) was looking for domestic debt at year-end 2005 to be worth 19.6 percent of GDP. That can now be revised down to about 16 percent.
All of these things are what foreign competitive institutions are good at and what Chinese institutions lack.