How many would you like? is ibuprofen safe when nursing Linked to this issue, it has surprised me that many market commentators don’t seem to be discussing the news that Beijing has announced a “free trade zone” in a 28km region of Shanghai. It appears to include a completely free capital account, and, in essence, a controlled experiment of what life might be like with convertible currency. I will write about this in a separate column, but this suggests China is moving rapidly towards a more open financial system than many realise, as well as perhaps implying that policymakers are happy to see more adjustment away from the export-based model of the past.
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