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| Author: | Gao, Yong Cai, Min |
| Title: | How to judge China's interest rate level (original in Chinese) |
| Journal: | Special Zone Economy (c)
1998 : 7, p.31-32 |
| Index terms: | INTEREST RATES CHINA |
| Language: | chn |
| Abstract: | China has adjusted the interest rate level by a big margin several times since 1992 with an aim at eliminating the influence of inflation. In fact, maintaining a too high interest rate is not rational either. Too high interest rate would lead to national wealth tilting unduly to residents and enterprises' too heavy burden of interest rate, thereby hampering the production enthusiasm of enterprises. The interest rate level can be judged by using average profit rate, inflation rate, international interest rate level and rate of gain on securities. The boundary line judgement of interest rate is divided into savings and loans. The lower limit of interest rate level is to ensure that the interest of savings is greater than inflation rate. |
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