Allowing commercial banks to set........>

CHINA PRESS: Allowing commercial banks to set interest rate themselves in a

market-based approach is a better way of easing financing difficulties for the

private sector than simply seeing the central bank cutting the benchmark rates,

China Securities Journal reported Saturday, citing Sheng Songcheng, former

director of the Survey and Statistics Department at the PBOC.

- With inflation at current levels, there is little room  for downward

adjustment of rates. And the benchmark loan rates which are between 4.35% and

4.9% are not high in real terms, the newspaper said, citing Sheng.

(Link to the story: https://bit.ly/2SG6d41)