Monday, November 24, 2014
ANBOUND: "Chinese Version of the Marshall Plan" Supports Monetary Policies
ANBOUND
On November 21st, China's central bank suddenly announced the decision of asymmetric interest rate cut. ANBOUND research team believes that the shift in strategic level might be part of the factors contributing to this across-the-board interest rate cut. The recent release of the "Chinese version of the Marshall Plan" by the Chinese government has directly led to the advanced issuance of comprehensive liberalizing policies. The “Chinese version of the Marshall Plan”, as required by China’s sustainable economic growth and overseas economic expansion, not only supports the liberalization of monetary policies, but also enhances pressure on China’s next stage marketization reform.