China’s Hu: renminbi policy complements market pricing

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Hu Xiaolian, a deputy governor of the People's Bank of China, has flagged the cooperative relationship between production factor price adjustment and renminbi reform.

Fears of rising retail prices have prevented reform within the energy sector, which is subject to price controls. "As China's economic development enters a new stage, growing public awareness of resource scarcity and environment protection adds to the pressure of energy and resource price adjustment. In short, production factor

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