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View Full Version : China to Boost Channels for Capital Outflows, Central Bank Says - Bloomberg



NewsWhore
04-28-2012, 06:40 AM
China to Boost Channels for Capital Outflows, Central Bank Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEP8kqL9JL53QDC55xIiio1Lj3apw&url=http://www.bloomberg.com/news/2012-04-28/china-to-boost-channels-for-capital-outflows-central-bank-says.html)
Bloomberg
China is loosening controls on capital flows and boosting the use of the yuan overseas to help rebalance the nation's economy, slow growth in its foreign-exchange holdings and develop an alternative to the US dollar as a reserve currency.

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