China vowed to deepen its financial system reform and promote more efficient financial intermediation in support of domestic demand, according to a fact sheet released in Beijing on Wednesday. To meet the commitment, China would promote interest rate liberalization and consumer finance, said the economic track joint fact sheet of the first US-China Strategic and Economic Dialogue (S&ED). It said China would accelerate the allocation of QFII quotas to $30 billion and continue to allow f…
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