China’s stubborn savers risk precipitating liquidity trap
© Reuters. FILE PHOTO: Coins and banknotes of China’s yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo By Winni Zhou and Rae Wee SHANGHAI/SINGAPORE (Reuters) -China’s consumers and companies are tying up trillions of yuan in longer-dated deposits with banks, effectively taking a vast pool of money out of …
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