China will not block ‘normal movement of money’ in pursuit of trade liberalization – Premier Li

China will not block 'normal movement of money' in pursuit of trade liberalization - Premier Li© Reuters. Chinese attends the -CEEC and Trade Forum in Budapest

(Reuters) – China will continue to advance trade liberalization and will not block “normal movement of money”, Premier said on Wednesday, denying claims that China exercises capital controls.

Li made the remarks after meeting visiting British Prime Minister Theresa May in Beijing. He did not specify under what circumstances such capital flows are considered normal.

Chinese companies have faced lengthy approvals for their outbound deals after Beijing tightened capital controls late last year in an effort to stabilize a weakening yuan.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, ) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the , it is one of the riskiest investment forms possible.

Article continues below Advertisement...



Please enter your comment!
Please enter your name here