China is likely to delay its financial reform agenda in favour of stabilising growth, economists and investors say, in a move that could hinder efforts to correct distortions in the economy.
Deregulation of interest rates was vital to the ambitious reform agenda that Communist party leaders approved last November, which promised to give market forces a “decisive” role in capital allocation.
Zhou Xiaochuan, central bank governor, said at a national parliament meeting in March that bank deposit rates – the last interest rate in China’s financial system that remains subject to administrative control – could be liberalised in two years.
您已阅读21%（638字），剩余79%（2376字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。