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China reforms head down path littered with crisis casualties

History shows disastrous results Beijing faces if it prematurely opens capital account: academic

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.


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...

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