Recent Posts

FX controls are relaxed in China

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With the renminbi stabilizing of late partly due to easing Sino-US trade tensions, China has slightly relaxed capital and FX controls in 2019. In early 2018, People’s Bank of China issued a regulation … (…

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China’s Quiet Central Banking Revolution

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Since Yi Gang became governor in March 2018, the People’s Bank of China has improved its communications, boosted its transparency, and moved toward a flexible exchange rate. Although the PBOC has plen… ( read original…

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