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As focus is expected to shift to ensuring healthy growth, the government is taking a drip feeding approach - using multiple tools to ease monetary policy.

As always, I attach a copy of our original 1997 letter. Our approach remains the same, and it’s still Day 1.

As a private provider of high and low voltage products, Chint has offered such products and services to 80 percent of the BRI markets including Pakistan, Thailand, Egypt, Malaysia and Russia.

As early as during the Asian financial crisis in late 1990s, China had already started to realize the importance of domestic demand. Back then, the crisis dampened China's export sector and the country had to struggle to stimulate domestic demand to expand its economy.

As a result, reform and innovation should be the fundamental driving force behind China's socioeconomic growth for the next five years. The nation should also see substantial improvement in its capacity for innovation in that time.