China’s recent moves to expand its Free Trade Zone (FTZ) scheme will spearhead interest rate and capital account liberalization, as well as full convertibility of the RMB, according to a research report by ANZ.
China’s State Council formally announced to launch three more Free Trade Zones (FTZs) in Tianjin, Fujian, and Guangdong province, as well as expanded the scale of Shanghai’s FTZ.
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