PRC officials are also said to be ready to phase out some regulations on foreign investment. Acquisitions in the technology sector are reportedly back on the table while entertainment industry is to remain restricted.
September 11, 2017
‘China is reversing a range of measures it had put in place to support its currency, a response to a recent surge in the value of the yuan that has hurt Chinese exporters and added to the country’s economic headwinds.
Starting Monday, the People’s Bank of China will scrap a two-year-old rule that made it more expensive for traders to bet the yuan will fall in value, according to a central bank notice sent to commercial banks late Friday.’