The People’s Bank of China will start liberalizing its system of interest rates, 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/2019/08/18/389f8446-c1fb-11e9-8bf7-cde2d9e09055_story.html
Publish date : 2019-08-19 06:19:45
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