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Sunday, July 28, 2013
"Double Track System" of Shanghai FTA is to be blamed
ANBOUND

It is said that free currency convertibility trail will be introduced within Shanghai FTA in which the "double track system" of interest rate and exchange rate will be implemented in China. However, Anbound considers the system is not compatible with the current incomplete marketization situation in the country. The high costs and other potential consequences would confuse the domestic financial market.

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