BEIJING, Mar 26: China will control economic risks as the country pushes reforms to make the yuan convertible on the capital account, the country’s foreign exchange regulator said on Thursday.
‘It’s viable for China to steadily achieve the capital account convertibility, but controlling risks remains the top priority,’ Wang Yungui, head of policy and regulations for the State Administration of Foreign Exchange (SAFE) told a news conference.
Wang also said China will make the yuan exchange rate mechanism more market-driven.
(AGENCIES)
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