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Market Reforms Needed - Yicai

CHINA PRESS

Authorities in Beijing should take measures to deepen reform and open up in addition to cutting interest rates this month to secure the recovery, according to an editorial from Yicai. The paper said policymakers' moves to cut interest rates this week risk causing higher debts if deeper market reforms are not taken. China should unleash a second round of sustainable economic growth by increasing market access to the private sector, breaking up monopolies, improving the rule of law and constructing a national unified market, Yicai said.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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