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"Banks are holding a lot of loans taken out by those zombie enterprises. When you close enterprises, you're going to do some kind of clean-up when you take the bad loans off the banks' balance sheets. There really needs to be done pretty quickly," he said.
He also called for the authorities to crack down on insider trading and establish a market stability fund. "The government should overhaul the financial market in the way it fights corruption," he said.
According to the communique, the Chinese government supports the Gambian government in its efforts to safeguard national sovereignty and develop the economy.
Momentum was created for reform and development through opening up. We worked hard to keep foreign trade stable by adjusting the mechanism for sharing the cost of export tax rebates between the central and local governments, overhauling and regulating charges for imports and exports, increasing trade facilitation, and making changes to the export mix. The number of restrictions on overseas investment in China was cut by 50%, and over 95% of overseas-funded projects may now be undertaken on a simple reporting basis. China utilized US6.3 billion of overseas investment, an increase of 5.6%. Non-financial outward foreign direct investment reached 8 billion, up 14.7%. Pilot free trade zones were established in Guangdong, Tianjin, and Fujian based on the model of the China (Shanghai) Pilot Free Trade Zone. The RMB was included in the IMF's Special Drawing Rights basket. The Asian Infrastructure Investment Bank was officially inaugurated, and the Silk Road Fund opened for business. China signed free trade agreements with the Republic of Korea and Australia, respectively,and signed the Protocol to Amend the Framework Agreement on Comprehensive Economic Cooperation between China and ASEAN. Progress was made in the Silk Road Economic Belt and 21st Century Maritime Silk Road Initiative (the Belt and Road Initiative), the pace of our industrial-capacity cooperation with other countries was stepped up, and breakthroughs were made in China's export of high-speed railway and nuclear power equipment.
The two countries established formal diplomatic links in 1974 but China suspended the relations in 1995 when Gambia resumed the so-called "diplomatic ties" with Taiwan. Gambia severed the ties with Taiwan in 2013.
来源：资阳报