In terms of the real estate sector, Green said the housing transactions are on the rise, and China's housing market has "recovered significantly," adding that the housing market tends to drive consumption as the buyers will "by a car, a nice TV and other furniture" following the purchase of the property.
In addition, when talking about China's banking sector, Green expects many of the small loan companies will probably be allowed to become banks in the next five years, and thousands of the deposit-taking institutions run by private entrepreneurs will be happy to lend money to small and medium-sized enterprises legally.
Cumquat market in S China's Guangxi
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