China Cash Crunch Eases, For How Long? Three Things China Needs to Avoid; When can Beijing Truly move to Market-Determined Interest Rates?
MishTalk
DECEMBER 26, 2013
The central bank has been consulting executives of major banks about creating a deposit insurance mechanism and may announce a draft plan early next year, a source close to the situation said. As noted on December 23, China Interest Rate Crisis Continues: China Bans Words "Cash Crunch" , the 7-Day Interest Rate Doubled to 10%.
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