Rather, macroeconomic adjustment has typically taken the form of “administrative measures”, such as moving to slow down an overheating economy through a squeeze on credit provision to regional and provincial governments and public and private corporations ensured through administrative fiat, rather than the use of traditional macroeconomic measures. But the Chinese governments continuing ability to quickly ensure macroeconomic correction when required is because that transition is still limited. But the financial system in China still remains heavily under the control of the state, despite recent liberalisation and the sale of some shares to foreign investors.