Economy to inevitably slow down during rebalancing – China SAFE

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

Headlines crossed the wires from China’s State Administration Of Foreign Exchange (SAFE) – PBOC’s foreign exchange regulatory agency:

(Market News Provided by FXstreet)