A Chinese national flag flutters outside the headquarters of the People's Bank of China in Beijing. Photo: Reuters

China’s pursuit of economics’ ‘impossible trinity’ is a sure path to disaster

A claim by China’s central bank that it has achieved the ‘impossible’ – a stable yuan, open borders and control of its own interest rates – is nonsense

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A Chinese national flag flutters outside the headquarters of the People's Bank of China in Beijing. Photo: Reuters
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