China pledges further liberalisation of rates, FX

People's Bank of China governor, Zhou Xiaochuan, pledged on Thursday 26 January to liberalise China's interest rate and foreign exchange policy further as part of wider economic reform but said the moves would be gradual.

Speaking on the sidelines of the World Economic Forum Central Bank Governor Zhou Xiaochuan said China would maintain a prudent economic policy and have "decontrol" of exchange rates and interest rates.

"We will maintain the economic policy (that is) prudent...We will have dec

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