China’s foreign exchange reserves rose in April for a third straight month, as stringent capital controls and a pause in the US dollar’s rally helped staunch outflows. Photo: Reuters

China to lift curbs on foreign fund offshore investments, sources say

Crackdown on capital outflows and a weakening of the US dollar have provided Beijing with more policy flexibility, according to industry executives

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China’s foreign exchange reserves rose in April for a third straight month, as stringent capital controls and a pause in the US dollar’s rally helped staunch outflows. Photo: Reuters
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