China will open its markets and allow its currency to float within five years, said Charles Li, chief executive officer of Hong Kong Exchanges & Clearing Ltd. "China has to reform its interest rate system," Li said on Wednesday during a panel discussion at the Futures Industry Association conference in Boca Raton, Florida. The value of the renminbi is limited by the government and is only allowed to rise or fall within a narrow range, and Li said this system can't last forever.
What house can you buy with 1 million yuan in China?
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