China Slowdown Seen Hindering Plan to Scrap Rate Controls
This article is for subscribers only.
China’s central-bank Governor Zhou Xiaochuan will miss his March 2016 goal for scrapping deposit-rate caps as a weak economy impedes policy makers, analysts at firms including Barclays Plc and Societe Generale SA said.
Almost half the respondents in a Bloomberg News survey of 23 analysts this month said the government won’t meet the timetable Zhou outlined in March. Industrial output rose in August at the slowest pace since the global financial crisis, bolstering their case by indicating growth is cooling further.