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Capital account risks 'can be managed'

By Yang Ziman ( China Daily ) Updated: 2014-08-05 07:19:37

Benefits of liberalization to outweigh fears of flight, currency speculation

The risks of a complete liberalization of China's capital account are manageable as long as the country carries through with financial reform, experts said.

The nation's tight controls on capital outflows prevent domestic investors from diversifying abroad. Meanwhile, cash is flowing in from exports, driving up foreign reserves.

Capital account risks 'can be managed'

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