Saturday , December 5 2020
Home / South China Morning Post / China’s Mr Renminbi says Beijing must dismantle capital controls to create a more globally accessible yuan

China’s Mr Renminbi says Beijing must dismantle capital controls to create a more globally accessible yuan

Summary:
[unable to retrieve full-text content]China’s former central bank governor says it is time for Beijing to relax capital account controls to facilitate international use of yuan – a suggestion that comes as Chinese officials have been more vocal in criticising the global dominance of the US dollar.Zhou Xiaochuan, who served as governor of the People’s Bank of China from 2002-2018, said at a financial forum in Beijing on Wednesday that China cannot have it both ways by maintaining rigid capital account controls while promoting use of…

Topics:
Zhou Xin considers the following as important:

This could be interesting, too:

Calculated Risk writes December 4 COVID-19 Test Results; Record Cases, Hospitalizations

Tyler Durden writes “It Was No Longer Safe For Me To Live In China”: Former Chinese Communist Party Insider Breaks With Beijing

Tyler Durden writes “A Keynesian Beauty Contest — But With No Beauty”

Tyler Durden writes Uranium Stocks Soar: Is This The Beginning Of The Next ESG Craze

[unable to retrieve full-text content]
China’s former central bank governor says it is time for Beijing to relax capital account controls to facilitate international use of yuan – a suggestion that comes as Chinese officials have been more vocal in criticising the global dominance of the US dollar.Zhou Xiaochuan, who served as governor of the People’s Bank of China from 2002-2018, said at a financial forum in Beijing on Wednesday that China cannot have it both ways by maintaining rigid capital account controls while promoting use of…
About Zhou Xin

Leave a Reply

Your email address will not be published. Required fields are marked *