This is a very important step in improving U.S.-China trade relations. Problems still exist, but what this illustrates is they can sit down, talk and resolve disputes.

But if you look at the aggregate level, it is still a problem.

I'm a bit concerned about the growth going forward.

We think it will be the fourth quarter of this year.

If you look at the allocation of investment, there was definitely an improvement, so that's a big positive step.

I'm a bit concerned about the growth going forward. For an economy the size of China I can't imagine that continuing for a long time.

The Chinese economy faces four types of structural challenges ? over investment, too much dependence on external demand, inefficiency in resource use, and regional disparity and income inequality.

This step, if successful, may lead to a fundamental change in China's economy and credit market. Improved credit access should contribute to a boom of small and medium enterprises in China.