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"China has not been manipulating its currency, so this is just recognizing reality," said David Dollar, senior fellow at the John L. Thornton China Center at the Brookings Institution.
"Central SOEs are the backbones of the economy. We need to conduct in-depth analysis to find key drivers that contribute to the transition to profits and consolidate the upward momentum," Li said.
"But we should care about any cliff-style drop of credit in the future," or a sudden slowdown in credit growth, Hu explained, because large policy changes may lead to unstable expectations among investors.
"By the end of June, their average stock stood at 28 days, much better than the industry average and the lowest level in 18 months for Changan Ford."
"China aims to become a top-level global financial market. It is helpful to attract foreign institutions to the country to help build the financial infrastructure," Tsai said.
