RMB internationalisation is in transition, not reverse
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Asia

RMB internationalisation is in transition, not reverse

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China has come in for a lot of criticism for introducing more capital controls since the start of the year in order to combat outflows. While such restrictions clearly do not fit under the headline of financial liberalisation, the market needs to understand that they are a necessary evil for China to have enough time to correct economic imbalances.

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