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China should accelerate the loosening of capital controls, says the PBOC in a report that...

  • Friday, February 24, 2012, 3:18 AM ET
    China should accelerate the loosening of capital controls, says the PBOC in a report that outlines the path to a freely tradable currency and more open capital markets. The timing of the report suggests reform-minded officials may be trying to build momentum ahead of a leadership transition announcement later this year.
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