The People’s Bank of China has indicated it’s getting ready to liberalize its system of interest rates, probably this year, in what would be another milestone in the landmark reforms started four decades ago to loosen state control of the economy. The changes are part of the government’s aim to let markets play a “decisive” role in the world’s second-largest economy.
Source link : https://www.washingtonpost.com/business/why-chinas-getting-ready-to-shake-up-interest-rates/2019/07/25/bab83630-af27-11e9-9411-a608f9d0c2d3_story.html
Publish date : 2019-07-27 01:52:15
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