Loong on China: Strategies to deal with possible large-scale capital outflows due to dismantling of currency barrier missing from China’s 5-year plan
07 March, 2016
As appeared in Bloomberg
Senior Fellow of the CIMB ASEAN Research Institute Pauline Loong spoke on Bloomberg about the big gap in China’s policy blueprint for the next five years. She pointed out that notably missing from the outline of China’s Five Year Plan is any mention of strategies to deal with possible large-scale capital outflows once the currency barrier is dismantled, as envisioned in the push for renminbi globalization.