Visualizing The Invisible Behemoth

Visualizing The Invisible Behemoth

China's latest efforts to push the yuan higher and stave off any (additional) capital flight the Moody's downgrade might have triggered have raised new questions about Beijing's commitment to liberalizing markets. Of course there's no mystery here. China will liberalize its capital markets just like it depreciates its currency: on its own terms. And while that may ultimately delay the process by which Chinese assets are incorporated into global benchmarks, the delays are probably just that - d
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