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China will open up capital account in prudent and orderly way - FX regulator
April 20, 2017 / 3:09 AM / 7 months ago

China will open up capital account in prudent and orderly way - FX regulator

BEIJING (Reuters) - China will push forward with opening up its capital account in a prudent and orderly way, the country’s foreign exchange regulator said on Thursday.

A 100 Yuan note is seen in this illustration picture in Beijing March 7, 2011. REUTERS/David Gray/File Photo

While regulators have stepped up supervision of money leaving the country, State Administration of Foreign Exchange spokeswoman Wang Chunying told a news conference that China will not go back to the old road of capital controls.

Reporting by Kevin Yao; Editing by Eric Meijer

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