Ex-Safe head: Growing corporate appetite is boosting renminbi
It’s not all doom despite the deleveraging, say currency experts. Early signs are there that central bank regulations to stem capital outflows are beginning to bear fruit.
Treasury appetite for renminbi is likely to strengthen in the second half of this year despite deleveraging efforts aimed at reining in the country’s massive capital outflows, according to a former top official at China's foreign exchange regulator.
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