China will step up crackdown on speculative inflows

China will step up crackdown on speculative inflows – The country will step up its crack down on capital
inflows to prevent the worsening of “asset bubbles,” said Wang Xiaoyi, deputy head of the State
Administration of Foreign Exchange (SAFE). Wang said that China will work to prevent abnormal capital
inflows from asset bubbles through analysts and precise crackdowns. Bloomberg