Tag Archives: China

Chinese State-Owned Banks Lower Dollar Deposit Rates, Reject Allegations of Government Interference

Chinese State-Owned Banks Lower Dollar Deposit Rates, Reject Allegations of Government Interference

Chinese State-Owned Banks Reduce U.S. Dollar Deposit Rates, Deny Government Interference Allegations Major Chinese state-owned banks have recently decreased the interest rates on U.S. dollar deposits. Despite these actions, they have categorically denied allegations suggesting that the rate cuts were a result of government intervention. The banks assert that the …

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