News Headline Summary

People's Bank of China's governor Zhou says China will not implement 100% CNY controls

Says:

- China welcomes long-term inflows.
- China will keep some yuan controls.
- China will not welcome short-term flows from hedge funds.
- China is not far from capital-account opening and needs work.
- China will keep controls on short-term capital flows.

17 Dec 2012 - 07:37 - - Source: Newswires

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