Why Chinese Rate Liberalization May Take Longer Than Beijing Suggests
Freeing up deposit rates poses a threat to state-owned companies and requires prior reforms, including a deposit insurance scheme.
Eric Johnson
May 7, 2014
Zhou Xiaochuan, governor of the People's Bank of China (PBOC), attends a session at the Boao Forum for Asia in Boao, Hainan, China, on Friday, April 11, 2014. The Boao Forum for Asia takes place from April 8-11. Photographer: Brent Lewin/Bloomberg *** Local Caption *** Zhou Xiaochuan
Brent Lewin/Bloomberg
