ECB bulletin examines 'virtuous circle' in Chinese reforms
The reforms needed to cure China's internal imbalances and those necessary to promote the renminbi as a reserve currency could be "mutually reinforcing", according to an article in the latest European Central Bank (ECB) monthly bulletin.
The January bulletin, released today, includes an article exploring China's economic performance and ongoing reform programme. The article calls for "ambitious structural reforms" to boost private consumption and describes the Chinese government's plans as
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