Expert says expanding investment channels key to freer capital flow

The opening-up of the capital account in China is expected to speed up gradually, as the economy returns to stable growth, a senior Chinese economist said.

Zhu Haibin, chief China economist at JPMorgan Chase & Co, said opening up investment channels to allow freer flow of capital is essential if the yuan is to be used in international finance, a key part of the country's future economic reform.