Show me the money: Chinese banks retain profits despite interest rate reforms
by Ryan Rutkowski | March 4th, 2013 | 01:35 pmIn 2012, Chinese commercial bank profits grew by 19 percent at the same time regulators increased the flexibility of deposit interest rates. The Peoples Bank of China should take this as an opportunity to continue to gradually liberalize interest rates. A double digit increase in bank profits in 2012 suggests interest rate liberalization should continue [...]