China WTO entry may herald shift in FX market liquidity
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BEIJING -- Chinese entry into the World Trade Organisation (WTO) moved a step closer last week, and with it the potential for a global liquidity shift in the FX markets.
A senior WTO official said last week that a "major breakthrough" in talks surrounding China’s entry bid had been made. "I think I can say with confidence that we will be wrapping up this process in the very near future," Pierre-Louis Girard, chairman of the WTO working party told reporters in Geneva last week.
China is now likely
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