Even after the rate hike, deposits in China yield 3%, far below official inflation of nearly 5%....

|By:, SA News Editor

Even after the rate hike, deposits in China yield 3%, far below official inflation of nearly 5%. "At this stage of the cycle, the fact that we still have negative real rates is quite alarming," says Glenn Maguire of Societe Generale, “there is still a substantial amount of heavy lifting to do."