Rising global rates to drive China liberalisation: Goldman Sachs

06 Jun 2013

A normalisation of global rates will provide a catalyst for faster reforms in China’s liberalisation of its capital account, including allowing greater FX volatility, according to Goldman Sachs.

China has pledged to speed up capital account reforms and a normalisation of global interest rates is likely to speed up this process as it will remove the pressure to maintain a wedge between the onshore and the offshore rate, according to Goldman Sachs.

This year, for the first ...

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