Easing of hot money 'unlikely'
By Wang Bo and Lan Lan | China Daily | Updated: 2010-10-29 08:07
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A customer reads a best-seller, The War Against Predator, in a Xinhua Bookstore in Yichang, Hubei province. China has become one of the most attractive destinations for speculative money. [Photo/Liu Junfeng, for China Daily] |
Authorities step up crackdown on illegal cross-border capital flows
BEIJING - China's foreign exchange regulator has vowed to crack down on illegal cross-border capital flows, but analysts said the pressure from the influx of speculative money is unlikely to ease.
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