China ready to further liberalize RMB capital account
"China is now ready to further liberalize its renminbi capital account," said Dai Xianglong, chairman of the National Council for Social Security Funding (NCSSF) on Wednesday during the Summer Davos 2012 in Tianjin.
• Full coverage: Summer Davos 2012
China financial reform urged to offset risks
China needs more reforms to liberalize interest rates and boost bond selling as the country's financial sector faces risks from piling corporate debt and an economic downswing, officials and economists proposed on Wednesday.
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