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China Should Delay Opening Capital Accounts: State Researcher

CHINA PRESS
MNI (Sydney)

China should slow the opening of capital accounts given external uncertainties, weak growth momentum and rising systemic risks in the domestic markets, Sina Finance reported citing Zhang Ming, researcher at the Institute of World Economics and Politics at the Chinese Academy of Social Sciences. There is no so-called "new cycle of yuan appreciation" given capital controls are lenient on the entry and strict on exit, as well as the countercyclical regulations which apply, Zhang said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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