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COPYRIGHT 2005 Asia Pulse Pty Ltd
BEIJING, Feb 24 Asia Pulse - China's foreign exchange regulator has tightened controls on local importers' trade financing that lead to foreign liabilities.
In the latest move to balance its international payments, the State Administration of Foreign Exchange (SAFE) issued a circular on Tuesday, requiring importers to report deals exceeding US$500,000 that are dated before March 1, but with the payment scheduled 90 days later.
The importers must report to the local bureau of...
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