Lin Yifu: Continue financial system reforms to get the market to play more decisive role

Speaking at the inaugural SMU China Forum, famous Chinese economist Justin Li Yifu said that the resolve expressed by Chinese leaders after the closing of the Third Plenum will enable China to push through the necessary economic and financial reforms. He also suggested that the Chinese government can liberalise interest rates and spur the development of small and medium domestic financial organisations, so as to enable the market to have a more decisive role to play in the Chinese economy.