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No happy new year in China as currency, liquidity fears loom

T
he reset of China’s foreign currency conversion quota on January 1 is likely to see a sharp increase in capital outflows, while a relatively early Lunar New Year holiday at the end of the month will increase demand for cash.
5 months ago
Jiayun Feng
By Jiayun Feng
Jiayun is a Chinese native and was born in Shanghai, where she spent her first 20 years and earned a bachelor’s degree in journalism at Fudan University. Interested in writing for a global audience, she attended the NYU Graduate School of Journalism for its Global & Joint Program Studies, which allows her to pursue a journalistic career along with her interest in international relations. She has previously interned for Sixth Tone and Shanghai Daily.
China in 2 minutes a day
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