China to rely on reforms to lower real interest rates, cabinet says
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BEIJING (Reuters) - China will rely on market-based reform measures to help lower real interest rates for companies, unveiling some plans to help banks improve loan pricing, state television quoted the cabinet as saying on Friday.China will reform and improve the loan prime rate (LPR) regime to help banks price their loans, adding five-year and longer tenors to the existing one-year tenor, the cabinet said.It will allow banks to set rates on loans based on the rates of the central bank's open..