LINE

Text:AAAPrint
Economy

New economy will be the major driver of growth, says Premier(2)

1
2015-09-25 08:38China Daily Editor: Wang Fan

"We have a bigger market in central China since there are fewer franchises, and the cost for logistics and labor is relatively low," she said.

During a visit to an incubator center for farmers in Xinzheng, Henan province, Li Keqiang inquired about the interest rates on loans at rural banks and if the new rates had been implemented.

"Please speak frankly," the premier told an employee of a rural bank.

The employee said the market-oriented interest rate reform will benefit banks in the long run, but the banks need time to adapt.

"The market-orientated reform is beneficial for interbank competition, which will then in turn lower the lending rate and better serve the real economy," the premier said.

The central bank cut the benchmark interest rate by 0.25 percentage points in late June and lowered the reserve requirement ratio for targeted banks.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.