China’s borrowing costs will have a tendency to rise once controls on interests rates are lifted due to buoyant demand for funds, Central Bank Governor Zhou Xiaochuan said on Monday.
Zhou said in an interview with Caijing magazine that elevated interest rates will be a “unique trait” of China’s economy as rapid development in the world’s second-largest growth engine keeps borrowing costs high.
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Koh Gui Qing, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/x_wlsMAnXdI/
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