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

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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