Feb 05, 2013 12:31 PM

Scaling the Heights of Capital Convertibility


The Communist Party's 18th National Congress generally addressed approaches to institutional reforms of the financial system. To assist, the central bank has started spelling out relevant details that can be used in a grand plan for the future.

This article discusses one of those details: What capital account convertibility means with regards to proposals raised at the 18th party congress aimed at gradually achieving yuan capital account convertibility.

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