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

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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.

Beijing

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...

sentifi.com

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