"Judging from the current situation, it's unlikely for the central bank to set interest rates too high," Yu Yongding, an adviser to the bank, was quoted as saying at a forum held over weekend at Qingdao, in Shandong Province.
Yu said China will maintain an interest rate differential of 2-3 percentage points between deposits denom
- A route to economic growth – The Belt and Road Initiative 2018 survey
- Policymakers should act now to prevent next crisis – IMF panellists
- The Bank of Italy’s approach to risk-based budgeting
- Fintech in the ‘new era’ – Sustainable and sound development
- China’s macroeconomy in the ‘new era’ of politics and power