Reuters exclusively reported that members of China’s “interest rate self-regulatory mechanism,” mostly banks, met this month and were urged to reduce deposit rates as a way to guide the country’s savings into spending and more productive investments.
Some of the links in this article are "affiliate links", a link with a special tracking code. This means if you click on an affiliate link and purchase the item, we will receive an affiliate commission. The price of the item is the same whether it is an affiliate link or not. Regardless, we only recommend products or services we believe will add value to our readers. By using the affiliate links, you are helping support our Website, and we genuinely appreciate your support.