Chinese State-Owned Banks Cut Dollar Deposit Rates — Dismiss Government Influence Claims

Chinese State-Owned Banks Lower Dollar Deposit Rates — Dismiss Government Intervention ClaimsMajor Chinese state-owned banks have lowered interest rates on U.S. dollar deposits. However, they reportedly dismissed claims that the moves were influenced by the Chinese government, stating that the rate cuts were market-driven. Chinese Banks Reduce Dollar Deposit Rates Major Chinese state-owned banks reportedly cut the maximum interest rates they offer on U.S. dollar deposits […]