"Conditions are extremely favourable for promoting yuan convertibility on the capital account,"...
"Conditions are extremely favourable for promoting yuan convertibility on the capital account," says China's top securities regulator. However, the move towards freeing the renminbi will still be gradual, and even after it becomes fully convertible, the government may still use temporary capital controls in times of crisis. Some remain skeptical.
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at CNBC.com (Dec 3, 2012)
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