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    IMF warns on capital account

    By Wang Xiaotian | China Daily | Updated: 2013-08-31 08:17

    IMF warns on capital account

    The State Administration of Foreign Exchange has said qualified domestic institutional investors that are investing abroad on behalf of their clients could use whatever foreign currencies they prefer. Xie Zhengyi / for China Daily

    Opening China's capital account may trigger net portfolio outflows as holders of large domestic savings seek to diversify abroad, said researchers at the International Monetary Fund in a working paper.

    IMF warns on capital account

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