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China foreign exchange regulation

China's foreign exchange regulator said it would further free cross-border capital flows and push forward exchange rate reform this year, amid more balanced international payments driven by import expansion.

The country will push forward capital account convertibility in a steady and orderly manner, while facilitating free trade and cross-border investment, including continually attracting high-quality foreign direct investment in China, Pan Gongsheng, director of the State Administration of Foreign Exchange, wrote in the SAFE annual report published on Thursday.

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