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Unit 16 New forex rules seek to balance capital flow Main idea In an effort to curb speculative capital inflow,China has revised foreign exchange rules. Exercise 1 1 True 2 False 3 True 4 True 5 True 6 False Translation The new contract has effectively filled up the loopholes in the old one. Divided on the development trend of China’s stock market, some analysts are optimistic,while others are cautious and conservative. The new rules aim at curbing the inflow of foreign speculative capitals into China. The recent financial woes in the US and the eruption of financial crisis in Vietnam should arouse our great attention to further monitoring the domestic financial market. Translation Inflation is a headache to all the governments nowadays. Logical Outline * * New forex rules Curb speculative Capital inflow Fill the loopholes
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