PBoC’s Zhou promises more 'opening up' in 2013

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Zhou Xiaochuan, the governor of the People's Bank of China (PBoC), has described 2013 as a "crucial year" in the implementation of the country's 12th five-year plan.

In a speech published by the PBoC on January 8, Zhou outlined the central bank's plans for the year ahead, with the aim of laying the foundations for a "moderately prosperous" society. As part of this, "more efforts will be made to deepen the financial reform and opening-up," Zhou said.

Other areas the central bank will be focusing

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