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China - Government adviser says rates should be cut again to boost economic recovery

China - Government adviser says rates should be cut again to boost economic recovery
Bloomberg report on advice to the government from Liu Yuanchun, president of Shanghai University of Finance & EconomicsChina should cut interest rates to alleviate private firms’ financing burdens and boost the economic recoverySaid private companies’ borrowing costs far exceed that of state-owned enterprises so the authorities should guide benchmark lending rates lower to bring down loan rates for private businessesThe Bloomberg report is gated but there is more there is you can access it... Read More
Posted: Jun 9 2023, 02:07
Author Name: forexlive
Views: 102012

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