Capital control: China's 'orderly retreat' leaves treasurers fearing the worst
A 7% slump in the renminbi's value as the winds of trade war blow has an unwanted consequence: 2016-style capital controls and difficulty in withdrawing money from the country.
China's foreign exchange regulator is turning the clock back to 2016, with the reintroduction of stricter controls on capital flows, treasurers say.
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