This paper focuses China's interest rate liberalization reform.

本文研究了中国利率市场化也即利率自由化问题。

youdao

Therefore, how to reduce the transaction cost is also the important step of interest rate liberalization in our country.

因此，如何降低交易成本也就成了我国利率市场化过程中非常重要的一步。

youdao

Therefore, our country interest rate liberalization process also is the process of transaction cost reducing in the interest rate forms.

所以，我国利率市场化的过程也就是利率形成中的交易成本不断降低的过程。

youdao

In terms of capital markets, interest rate liberalization and a more market-oriented exchange rate are central.

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This exchange rate liberalization has continued and while the ruble is not a freely floating currency, it is much closer to being one that it was in the past.

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There was also some interest-rate liberalization as Chinese banks are now allowed to lend at a discount of up to 20% below the benchmark, compared with a previous floor of 10%.

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