This and other comments made by PBOC gov Zhou Xiaochuan published by Caixin dismisses speculation that China will issue capital controls plays down concerns over diminishing forex reserves defends the PBOC over lack of transparency In his first interview for many months Mr Zhou dismissed speculation that Beijing would tighten capital controls and tried to ally fears that falling reserves should cause concern. "It is normal for foreign reserves to rise and fall as long as the fundamentals face no problems,.At the moment the level of cross-border capital flows is within the normal region.We need to ... (full story)
