Given these challenges, China’s leaders must take a cautious approach to interest-rate liberalization. Gradual implementation would enable the losers to adjust their behavior before it is too late, while sustaining momentum on pivotal reforms, which should be policymakers’ top priority.
鉴于存在上述挑战，中国领导人必须以谨慎的态度对待利率市场化。应该渐进式实施利率市场化，既允许利益受损者有时间调整自己的对策，又能保持关键改革的势头。保持改革势头应当成为决策者的首要任务。毕竟，正如李克强总理所言，“改革是中国最大的红利”。