state-owned lenders <which/who> do not want rivals to poach depositors

mohit7269

Senior Member
India - Hindi & English
The following is an excerpt from Economist.com.
Interest-rate liberalisation, for example, faces resistance from state-owned lenders which do not want rivals to poach depositors by offering better rates.
vs
Interest-rate liberalisation, for example, faces resistance from state-owned lenders who do not want rivals to poach depositors by offering better rates.

Which of the above is correct? If both are correct, is there any difference in the meaning of the two?

Ref: http://www.economist.com/news/china/21580192-chinas-leadership-shows-welcome-toughness-also-alarming-clumsiness-re-education-through

Thanks,
 
  • e2efour

    Senior Member
    UK English
    They are both correct. I don't see any difference in meaning. Who can be used of entities (after all, a company or a lender is a legal person), although it is more often limited to people and animals. which or that being used for things.
     
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