Tang Xu
Tang Xu
banks dare drop due fierce rate
Banks are in now in a dilemma, so most dare not drop the rate due to the fierce competition.
banks drop face lower ready
Depositors' incomes will be lower if banks drop the deposit rate. Most banks are not ready to face the aftermath.
banks commercial difficult face hurt increase operating
That would increase unemployment and hurt our economy, and commercial banks could also face a difficult operating environment.
banks commercial difficult economy face impact increase maybe operating risk
The impact on the economy is that unemployment will increase and maybe commercial banks will face a difficult operating situation. It's a risk to our economy.
exchange foreign good interest regime start
We have a very good start for the foreign exchange regime ... We also want liberalization of interest rates.