Imf Urges Go-Slow Over Capital Controls in China ; in Brief

Evening Standard - London (May 19, 2004)

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Summary

A SENIOR International Monetary Fund official has warned against loosening capital controls in China too quickly, saying it would put the financial system at risk.

"Maintaining China's steady and gradual approach to capital account liberalisation is appropriate," IMF deputy managing director Takatoshi Kato said in a speech in Beijing.

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Imf Urges Go-Slow Over Capital Controls in China ; in Brief

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