Considering the unexpectedly fast pace of interest rate liberalization, China's central bank has designed a road map to respond to the development. The first step is to build a comprehensive, healthy and independent pricing mechanism as well as to cancel the bottom line of loan interest rate; second is to construct a relatively impeccable market-oriented interest rate system and improve the central bank’s adjustment ability. Through these measures, the government aimed to achieve a deregulated interest rate in the medium-term.