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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

CIC executive urges full yuan convertibility

Posted on 10 May 2011

China should allow the yuan to be fully convertible, as this would help alleviate inflation and reduce the country’s foreign reserves, a top executive with China’s sovereign wealth fund was quoted as saying.
The comments were made by Xie Ping, vice president of China Investment Corp., in a speech given last month, a transcript of which was published online by Caijing magazine Monday……………………………………….Full Article: Source


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