Li Ruoyu
Li Ruoyu
banks caused commercial jump lower mainly market money potential reason risks tempted
I don't think the jump is mainly caused by the revaluation of RMB. The main reason, I believe, is that commercial banks are tempted to put money in the inter-bank market where potential risks are lower than lending.
appreciation fell market people short simply
That's simply because people think the appreciation was not big enough and fell short of market expectations.
contented elated grow happy hope lovely songs
I hope more sound, elated songs will be written, so that we can grow up happy and contented in a world of children's lovely songs.
channel cool domestic due efforts estate finding increasing partly people savings shrinking
The increasing savings show a shrinking domestic demand. That is partly due to the government's efforts to cool down the real estate industry, and people finding a narrower channel for investment.