24-01-2014, 09:28 PM
Other countries are worrying on capital outflow, but China worries on capital inflow...
China sees more capital inflows despite Fed tapering
BEIJING - China’s firmer yuan and higher interest rates could attract more money inflows this year despite the possible impact of stimulus tapering on the US Federal Reserve’s easy policy, the country’s foreign exchange regulator said on Friday.
The Chinese authorities are considering a “Tobin tax” on financial transactions to deter speculative capital flows, said Mr Guan Tao, Head of the Department of International Payments at the State Administration of Foreign Exchange (SAFE). A Tobin tax is a small charge on individual currency transactions to discourage excessive speculation.
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http://www.todayonline.com/business/chin...d-tapering
China sees more capital inflows despite Fed tapering
BEIJING - China’s firmer yuan and higher interest rates could attract more money inflows this year despite the possible impact of stimulus tapering on the US Federal Reserve’s easy policy, the country’s foreign exchange regulator said on Friday.
The Chinese authorities are considering a “Tobin tax” on financial transactions to deter speculative capital flows, said Mr Guan Tao, Head of the Department of International Payments at the State Administration of Foreign Exchange (SAFE). A Tobin tax is a small charge on individual currency transactions to discourage excessive speculation.
...
http://www.todayonline.com/business/chin...d-tapering
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