“China plans to roll out financial sector reforms in the Shanghai special economic zone in the next three months and most will be implemented in a year, suggesting authorities are accelerating the pace of dismantling capital account controls. A People’s Bank of China (PBOC) statement on Wednesday for the first time gave a timeline for launching deep reforms in the zone, adding they could then be duplicated in other similar zones around the country. The statement came after the PBOC provided additional detail for its plans for financial liberalization in the Shanghai free trade zone (FTZ) in a separate document published on Monday.”
http://www.reuters.com/article/2013/12/04/us-china-reforms-idUSBRE9B30AC20131204
Related posts:
Alan Greenspan Sees 'Double Digit' Inflation Ahead
Obama Co-Sponsored 2004 Bill Strengthening Self-Defense in Illinois
Milan officer indicted on 24 counts of sexual misconduct
Berkshire has more money than it can handle
Chinese revolt over government plan to ban BBQ in order to fight epic smog problem
Tibetan mastiff twins sell for record-breaking $3 million in China
Obama Deploys US Troops to Iraq as Insurgents Gain Ground
Why the ‘War on Drugs’ has been made redundant
$3.3 billion of pork: The 5 most surprising provisions in the debt deal
Politicians fear for safety as threats against Congress skyrocket
Canada says will keep closer track of Bitcoin, virtual currencies
Oliver Stone on NSA Spying
Robert Parker’s wine ‘bible’ moving to Singapore
Secret U.S. documents reveal Al-Qaeda has anti-drone operation
Google Glass Orders: How You Can Get Your Hands On An Early Set Of The Futuristic Glasses