date:Aug 02, 2013
e they cant get RMB out easily, said David Chu, principal at the leading China-based ShineWing Hall Chadwick Certified Public Accountants. He told SeafoodSource that international investors are likewise keen to enter the Chinese market but are put off by the bureaucratic process of converting currency.
Experts in Beijing argue that China has to first liberalize its bank interest rate mechanism currently set by central government rather than the market before making its currency convertible. O