PBOC's Zhou - Internalization of Yuan cannot be forced

Reuters is reporting PBOC Governor Zhou's view on Yuan and capital account convertibility-

  • Internationalization of Yuan cannot be forced. 
  • Will steadily and gradually push forward with capital account convertibility. 
  • PBOC will play a more important role in the new regulatory framework. 
  • China needs to deal with the risks from financial and other firms. 

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