Global Economy

China will further open up its foreign exchange market, its regulator says

US dollar and China Yuan arranged for a photograph on September 7, 2017.

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China will fend off cross-border capital flow risks and continue to open up its foreign exchange market, the forex regulator said on Sunday.

The regulator will deepen forex reform and strengthen a crackdown on forex-related irregularities, the State Administration of Foreign Exchange said in a statement on its website.

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