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China's capital curbs find favour as risks to stability pile up

Saturday, March 18, 2017 - 05:50

The People's Bank of China boosted borrowing costs hours after the Federal Reserve's rate hike on Thursday, keeping step with the US as a way of maintaining equilibrium in the yuan.


CHINA'S capital controls are biting, but that doesn't mean policymakers can relax.

The curbs - under fire from company chiefs and offshore investors - are keeping order in Chinese markets, which risk descending into volatility should authorities loosen their grip on money

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