Financial industry in the spotlight

Editor's Note:

This is our second forum reviewing the economy's first-half performance (the first appeared on Friday, July 5). In this edition, our focus is the state of the financial industry.

Every now and then, China is troubled by its economic and business leaders' propensity for grandiose achievements, which often result in costly and wasteful projects, and collectively, a demand for capital beyond the level the economy can supply.