Tag: liberalisation

For all the rhetoric, it seems Chinese policymakers might be open to relaxing state controls as a draft law on foreign investment indicates

The IMF could announce this week whether it wants to add renminbi to the special drawing rights basket of currencies. Some banks are betting that China has done enough.

China will likely free up deposit rates within two years, hopefully helping end the need for corporates to park cash with dodgy wealth management products, economists believe.