This is a really interesting article on what the next round of reforms from China could look like. A host of possible reforms are being considered. These include offering higher interest rates for domestic savers backed up by deposit insurance for savings accounts and making China's currency, the renminbi, convertible. Unfettered movement of capital out of China is not going to happen overnight, but it could happen within five to 10 years. That is why fund managers, hedge funds, private equity firms and property specialists in Britain are licking their lips. Full article here (VIEW LINK)
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