Study On The Routine Selection Of China’s Interest Rate Marketization

With China’s entry into the ranks of middle-income countries, its potential economic growth has declined and momentum of economic growth is also being converted. Whether we can achieve the transformation of economic development mode-that is, from the extensive growth pattern driven mainly by factor inputs to the efficient growth mode driven by innovation-and adjust and optimize the industrial structure-that is, get access to the coordinated development of three industries, increase the proportion of high-end manufacturing and further develop the service industry-plays an important role in China’s success of leaping middle-income trap in economy. All above put forward higher requirements on China’s economic reforms. The interest rate marketization reform as an important part of China’s financial system reforms, but also part of the economic system reforms, in this process plays a key role.This article will choose the path of China’s interest rate marketization as the object of study. The purpose is not only to enrich and improve the relevant researching theories, provide a new perspective for the research on reform of China’s interest rate marketization, bring a fresh breath, but also identify the deep problems hindering the reform of China’s interest rate marketization and propose countermeasures to better guide the reform of China’s interest rate marketization practice after understanding the current situation about the path of China’s interest rate marketization and obstacles lying in it.This paper has carried out a deeper study on the path selection of China’s interest rate marketization using the comparing and analyzing method and normative research. Firstly, the article analyzed relevant countries’ path of the interest rate marketization, and summed up the successful experience and lessons. And then reviewed China’s path of interest rate marketization process deeply inquired existing problems and their causes in the present path. Finally, put forward the corresponding reform policy recommendations. Researches in this article are believed helpful to the practices of China interest rate marketization reform and boosting its advance.