China Money Rate Drops for Second Day After Companies Pay Taxes

China’s money-market rate dropped for a second day on speculation cash supply will improve once companies have finished paying taxes for the month. “In the short term, the cash shortage will ease,” said Cheng Qingsheng, a bond analyst at Evergrowing Bank Co. in Shanghai, adding that tax payments…

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China Money Rate Drops for Second Day After Companies Pay Taxes

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