 Since the beginning of this year, a pile of projects of flowing interest rates has begun in Rule Credit Cooperates in China. The program, first tried out in Wenzhou in east China Zhejiang province last October, is now being tested in at least one county in eastern every province region in this country. It is widely regarded as important step to full liberalization of interest rates in all banks in China. What is the government trying to achieve through this program? What impact will it have on the whole monetary system?
Join the program are Mr. Cheng Xingdong, chief economist of BNP Panbas Peregrine and Mr. Tang Min, chief economist of ADB President Mission in China
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