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Publicada el jueves, 22 de octubre de 2015 | Actualizada el domingo, 13 de mayo de 2018

China | Tobin tax could be introduced to stem capital outflows

Today’s released FX market data confirms a further stabilization in September after the unexpected RMB devaluation in early August caused violent movements in financial markets. Nevertheless, the pressure of capital outflows remains large as domestic firms and individuals, fuelled by expectations of further RMB depreciation, scrambled to exchange for the USD.