8 years ago
1
China just took a left hook to its self-esteem
China's government really wanted the country's stock market — the A-share market — to be included in a very special club.
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http://www.businessinsider.com
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They have a 20% monthly cap on outward remittance from China....you are welcome to put it all in, but you can't take it out...who's going to go for that? China is afraid of converting it's currency, because once it does they face capital flight...and until they make the yuan convertible, it is not going to be playing with the big boys.