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China at crossroads

According to Aninda Mitra, senior sovereign analyst at Standish Mellon Asset Management, the International Monetary Fund’s in-principle acceptance of the CNY in the SDR basket is, in our view, an important step in cementing the process of greater medium-term capital account openness. However, it is unlikely to result in large near-term capital inflows.

7 January 2016, by Aninda Mitra

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