Chinese liberalisation could be ‘force for global stability', says BoE economist
China's capital account liberalisation will "dramatically increase" the country's international investment position to as much as 33% of world GDP by 2025, according to an article in the Bank of England's latest quarterly bulletin.
The Chinese authorities reaffirmed their commitment to lifting the capital controls that govern the purchase and sale of foreign and domestic financial assets in a crucial meeting last month, while the People's Bank of China (PBoC) has suggested full liberalisation
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