China has already archived the free convertibility of the RMB under the current account, and the average tariff rate for industrial products is expected to drop to 10 percent by the year 2005.

人民币己实现经常项目下的可自由兑换，中国工业品平均关税到2005年将进一步降至10%。

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Free Convertibility for the Yuan?

人民币可自由兑换？

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The convertibility of capital items is a key link in the realization of the free conversion of Renminbi.

资本项目可兑换是人民币实现可自由兑换的关键环节，入世后人民币资本项目可兑换面临着巨大压力。

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What would really grab the attention of foreign investors and local companies would be China's granting full convertibility on capital accounts, allowing free-flowing investment and repatriation of profits.

CNN: A Message To Investors