China's Forex Rules Begin to Loosen Capital Controls

The impact of membership in the World Trade Organization is already being seen in legislative changes in China. The People's Bank of China (PBOC) and the…

6 minute readDecember 31, 2001 at 11:58 PM

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The impact of membership in the World Trade Organization is already being seen in legislative changes in China. The People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) have issued several notices recently easing stringent foreign exchange (forex) controls in some areas.

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