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China Should Keep Yuan Movement Limits: Fmr PBOC Counsellor

CHINA PRESS
MNI (Sydney)

China should keep the current limit on the yuan's movement to 2% to avoid sending a misleading signal which might encourage speculation, wrote Sheng Songcheng, a former counsellor of the People's Bank of China, in an article published by International Economic Review. China should beware of fast capital inflows and the quick appreciation of the yuan while relaxing restrictions to facilitate outbound investments, Sheng 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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