China’s consumers should also draw comfort from the likely move to market-based deposit rates on their savings accounts, which will reinforce incremental growth in wage income. This long overdue policy shift is an important component of the Third Plenum’s official elevation of market-based pricing as the “decisive” mode of resource allocation in China.
中国消费者应该对可能的存款利率市场化感到满意，因为这将增强工资收入的增量增长。这一早就应该采取的政策变化是三中全会正式将市场定价拔高到中国资源配置的“决定性”地位的重要组成部分。