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The Conditions for Interest Rate Reform
Gateway International Group Ltd, April 2012, Pages: 7
The market-oriented reform of interest rates refers to the gradual relaxation of controls which would allow the price of capital to be determined by market supply and demand. Since 1996, China has systematically promoted the market-oriented reform of interest rates; after ten years of efforts, it has achieved some progress and created the basic conditions for moving further. Meanwhile, as social financing becomes more diversified, a variety of problems caused by interest rate controls have provided the motivation for promoting these reforms.
I. China has created the environment for interest rate marketization.
II. China has the motivation to marketize interest rates.
III. China must choose the right time and strategy
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