Question

Please paraphrase this writing and fix them as possible as you can. thanks!

Since the interest rate in China makes the banks are hard to build up their loan books, that’s why in 2015, the central banks set their lending and deposit rate. This can be an opportunity for the banks to release their stress on credit and eliminate the deposit loan. The answer has been to create a policy rate, much like benchmark short-term interest rates in America and Europe. Or it will increase reserves, which will potentially stimulate lending. This action can be the result of approaching the developed countries. Based on the economy of the US and Europe; China is learning to apply the changes to their economic system. It’s an intelligent plan of China for getting closer to other powerful countries. With the low rates from the Fed, it is going to be a chance for so many businesses in this country. They can loan money from the banks to set up and operate their business. Get into the international market will be a great opportunity for China to learn new things, to get to know what the market is in need to supply. Since China has the huge labor market, so most of the products are being made in here. Later, it will export to other countries with a higher price.

Answer 1

Challenging interest rates in China lead to the setting of lending and deposit rates in 2015 which can be an perceived as opportunity for banks to release stress suffered on credit, and eliminate deposit loans. Solutions vary from creation of policy rates and benchmarks, to increase in reserves, which will potentially stimulate lending due to approaches and performance of developed countries. China, now much flexible, has built relationships with powerful countries, enjoying economic benefits from Fed red rates such as business, investment, market, employment, expansion and financial opportunities