Mediafax (Mediafax)
Currencies  |  June 29, 2012 09:50:05

China plans to experiment with yuan convertibility


BEIJING (MEDIAFAX) - China announced plans to create a special zone to experiment with RMB convertibility, the latest step in its efforts to open China's capital markets. Informed about the news server on Friday, BBC television.

Zone to be set up in Shenzhen, China where 30 years ago presented its key economic reforms.

Beijing has recently been trying to open their capital markets to try to start a new wave of economic growth.

Deputy Director of Information Office of China's Cabinet Wang Zhongwei for the BBC said that the government "will actively carry out an experiment in the examination of capital account convertibility in the zone of Shenzhen in Qianhai."

Tomáš Králíček, kralicek@mediafax.cz

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Čína plánuje experimentovat s konvertibilitou jüanu

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