Chinaࢀ™s Mr Renminbi says Beijing must dismantle capital controls to create a more globally accessible yuan

October 22, 2020 #DayNewsFeed #ChinaNewsChinaࢀ™s former central bank governor says it is time for Beijing to relax capital account controls to facilitate international use of yuan ࢀ" a suggestion that comes as Chinese officials have been more vocal in criticising the global dominance of the US dollar.Zhou Xiaochuan, who served as governor of the Peopleࢀ™s Bank of China from 2002-2018, said at a financial forum in Beijing on Wednesday that China cannot have it both ways by maintaining rigid capital account controls while promoting use ofࢀ¦