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http://biz.scmp.com/bizchina/ZZZRRJP7R8D.htmlCurrency controls unlikely to end soonSubmitted by cahn on 27 October, 2008 - 1:13pmChina is not ready to relax its rigid foreign exchange regime, despite a landmark stock market reform next month that could trigger an influx of overseas cash, economists said yesterday. The imminent launch of a long-awaited scheme that allows qualified foreign institutional investors (QFII) to buy yuan-denominated A shares has prompted overseas foreign exchange markets to price in a more flexible and stronger yuan. »
What did I say then?Bilateral deals will impede trade in east Asia | FTSubmitted by cahn on 26 November, 2004 - 5:32pm......In contrast to Europe and North America, east Asia's economic integration through trade owes little to concerted government policy, treaties or institutions. It has been powered largely by America's - and more recently China's - insatiable hunger for imports and by corporate investment in the trans-regional production chains that feed it. ......some 40 bilateral trade deals have been mooted in the name of strengthening economic ties within and beyond east Asia.......such deals have a poor record of promoting liberalisation, generating only about a tenth of developing countries' tariff cuts in the past two decades. »
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