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China remains true to its focus; new rules in capitals control and environment protection

December 25, 2017

In the last week of the year, China stepped up capital control measures further; this time on individual bank withdrawals. Starting in the new year, individuals will only be allowed to withdraw up to RMB 100,000 per year, regardless of number of bank accounts. The country also stepped up its dedication to environmental protection, pressuring one of China’s biggest domestic tourist areas to clean up its act.

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