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Investors in the UAE are hoping planned reforms to the Chinese economy will help to gradually ease barriers to investment.
Such obstacles have already stalled attempts by the UAE Central Bank to activate a US$5.5 billion currency swap agreement between the two nations, signed nearly two years ago.
In a sign that shackles on the world’s second largest economy may be slowly removed in the coming years, the ruling Communist party last week delivered a blueprint for reform. It promised to give the market a “decisive” role in steering the market. The communiqué also urged fewer investment restrictions.
“Part of the liberalisation reforms...