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  1. Business - Comment - MONITOR

    Two ways currency experts are wrong about the yuan

    Posted Sep 03rd 2013, 12:00am by Tom Holland

    ... capital account, our results affirm … that China retains its abilities to restrict cross-border financial capital-market movements," conclude the report's authors. "The policies ... capital controls, then financial traders would rapidly take advantage of any yield differential, hedging out their exchange rate risk and arbitraging the difference between yuan and US dollar ...

    http://www.scmp.com/business/article/1302128/two-ways-currency-experts-are-wrong-about-yuan

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