China considers Tobin tax to counter capital outflows

March 22, 2016 7:36 AM

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BEIJING, March 22 China is studying a Tobin tax as a new policy tool to curb capital outflows, an official at the country's foreign exchange regulator said on Tuesday.

Wang Yungui, head of the policy and regulation department at the State Administration of Foreign Exchange (SAFE), did not mention a timeframe or other details for rolling out the tax.

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