You are here

China reforms head down path littered with crisis casualties

History shows disastrous results Beijing faces if it prematurely opens capital account: academic
Saturday, May 30, 2015 - 05:50

BT_20150530_CPREFORM30_1695960.jpg
A QUESTION OF SPEED: It's not yet clear how quickly and expansively China will move on lifting capital-flow limits. Yet one thing is certain: China wants to have its yuan deemed an official currency by the IMF. Winning that status this year may involve further commitments to deregulate.

Beijing

MORE than three decades after Deng Xiaoping led Communist China down the path of economic liberalisation, its current-day leaders are taking the nation into what may be the trickiest reform stage yet.

China's next reform wave focuses on freeing up interest rates, allowing

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom