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China SAFE sees large amount of foreign inflows in 2016

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Chinese State Administration of Foreign Exchange (SAFE) expects large amount of foreign inflows in 2016 and feels the country has the ability to handle capital flow impact.

    Key Quotes

    FX reserves remain sufficient
    Expects a current account surplus in 2016

    Expects capital and financial account deficit in 2016

    Outflows in 2015 were due to domestic banks and firms increasing offshore forex asset holdings
    For more information, read our latest forex news.
     

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