China reiterates to steadily advance yuan convertibility under capital accounts
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China will stick to the "established policy" of "steadily advancing the convertibility of yuan under capital accounts" despite the rising global argumentation for the rationality of curbing capital accounts amid financial crisis, an official said Tuesday.
Yi Gang, head of the State Administration of Foreign Exchange and vice governor of the central bank, made the remarks at a press conference on the sidelines of the annual session of the National People's Congress, or the parliament.
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