Economy to inevitably slow down during rebalancing - China SAFE

Economy to inevitably slow down during rebalancing - China SAFE

31 March 2016, 11:43
Vasilii Apostolidi
0
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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

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