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Economy to inevitably slow down during rebalancing - China SAFE

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Headlines crossed the wires from China's State Administration Of Foreign Exchange (SAFE) - PBOC’s foreign exchange regulatory agency:

    Current account surplus to continue in 2016

    Capital and financial account to see deficit

    Cross border capital flow risks under control

    China’s forex reserves still ample

    External payment risk lower after 2 yr deleverage

    Economy to inevitably slow down during rebalancing

    China banks net external liability $222.1 bln end-2015

    Yuan accounts for 46% of banks' external liability

    US dollar accounts for 24% of banks' external liability

    Euro accounts for 3% of banks' external liability
    For more information, read our latest forex news.

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