March 16, 2021

Asia

CHINA: Strengthening renminbi may encourage loosening of capital controls

BY Gabriel Wildau

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( 4 mins) The renminbi has strengthened 8% against the dollar over the last year, driven by a resurgent trade surplus and strong flows of foreign investment into China's onshore bond market. Capital outflow restrictions may be loosened this year, as regulators seek to balance inbound and outbound flows and reduce appreciation pressure. Likely areas for regulatory loosening […]

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