SHANGHAI: 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 circulation and risking the kind of liquidity trap that hobbled Japan’s economy in the 1990s. Latest official data shows financial institutions issued 5.5 trillion yuan($ 766.12 billion) worth of long-term deposits known as certificates of deposit( CD) in the first quarter of this year-the largest such quarterly issuance since the product wa
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黎明报-最新
2023-09-01 00:00:00.0