Country likely to refuse RMB investment from overseas companies.

By bne IntelliNews February 23, 2011
China is likely to bar overseas companies from making RMB-denominated investments in the country in 2011, due to the issue of large hot money inflows in short term As reported by Xinhua's China Economic Information Service, according to China Daily, the Ministry Of Companies said that last year the country had completed study on the feasibility of authorization of using RMB in Foreign Direct Investment in China. Further it was said that it is doubtful that the plan will be executed in the near future because it may cause large hot money inflows.

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