Hefei Expat - China
China => Current Affairs => Topic started by: Aussie Mike on June 30, 2012, 11:12:35 am
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(http://www.bbc.co.uk/news/business-18639212)
China has said that it is planning to set up a special zone to experiment with the yuan's convertibility, the latest step in its bid to open up its capital markets.
The zone will be set up in Shenzhen where China introduced its key economic reforms 30 years ago.
Beijing has been seeking to open up its capital markets to try to trigger a fresh wave of economic growth.
It has also been pushing for a more global role for its currency.
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capital category will not be opened so soon. there so many uncertain areas in the finance system in this country, prudent design will be carried out before substantial change.