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Immense though they are, from short-term issues of deflation and yuan devaluation to long-term ones of industrial and financial restructuring, these are in fact the main reasons why political reform looks necessary.
ECONOMIST: China��s political cage
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Investors in China Long- yuan must expect them to be generous.
ECONOMIST: A Chinese wind-power IPO: Puffed up | The
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First, the hot-money folk were always betting on a long-awaited and large one-off revaluation of the yuan to make them a decent profit.
ECONOMIST: China's hot-money inflows evaporate
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Beijing is undertaking a long, gradual campaign to establish the yuan as a more market-oriented, international currency.
WSJ: New Zealand, China in Talks on Convertibility of Currencies
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The railway ministry, which is China's largest corporate-bond issuer, used all of last year's quota for long-dated bonds and also raised an additional 50 billion yuan via short-term bills and medium-term notes.
WSJ: China's Railway Ministry Gets Approval for Bonds
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The ministry's outstanding corporate debt, ranging from long bonds to short-dated bills, stands at 711.5 billion yuan.
WSJ: China's Railway Ministry Gets Approval for Bonds