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China can’t avoid pain from rate reform
 
 
 
China can’t avoid pain from rate reform

BEIJING :  It will be hard for China to avoid short-term economic pain from interest rate reforms, central bank governor Zhou Xiaochuan was quoted by state television on Saturday as saying. The central bank is widely expected to unveil a long-awaited deposit insurance system in the coming months, paving the way for liberalising bank deposit rates.

 
 
on epaper page 8
 
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reform pain rate avoid china
 
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