China's Freeing of Loan Rates `Very Tiny Step
July 23 (Bloomberg) -- Lu Ting, chief China economist at Bank of America Corp. in Hong Kong, talks about People Bank's of China monetary policy, and the nation's economic outlook.
The PBOC removed the lending-rate floor while leaving the deposit-rate cap intact, highlighting the tension between boosting consumer spending during an economic slowdown and maintaining profits at state-owned banks. Lu speaks with John Dawson on Bloomberg Television's "On the Move." (Source: Bloomberg)