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Chinese stock market needs to further open up without excessive limits and so is true for the bond market.According to Peterson Institute for International Economics,the private sector has become major driving engine of China’s economic growth and the sole source of job increase.It has become a major contributor to China’s performance in global trade.Back in May of 2013,Robert Zoellick,the 11th World Bank president said on Shanghai Forum that China needed to not only trade with developed world but also speed up its domestic demands.He believed that China need to develop its private sector and let it grow to innovate Chinese enterprises and encourage talents to innovate.
Chinese stock market needs to further open up without excessive limits and so is for the bond market. According to the Peterson Institute for International Economics, the private sector has become major driving engine of China’s economic growth and the sole source of job increase. It has become a major contributor to China’s performance in global trade.Back in May of 2013, Robert Zoellick, the 11th World Bank president said on Shanghai Forum that China needed to not only trade with developed world but also speed up its domestic demands .He believed that China need to develop its private sector and let it grow to innovate Chinese enterprises and encourage talents to innovate.