The Regulation and Liberalization of Chinese Interest Rate System

This article begins by examining the historical rationale behind interest rate regulation and its effects on economic growth and fluctuations.It then analyzes how interest rate regulation has led to structural imbalances in China’s economy,specifically in terms of industrial structure,income distribution structure,and demand structure.Additionally,this article delves into the factors that have contributed to the establishment of China’s dual-track interest rate system and the resulting issue of misallocation of financial resources.It also sheds light on the current challenges and future prospects for interest rate liberalization in China.