Economy to inevitably slow down during rebalancing – China SAFE
By FXStreet 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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Source:: FX Street
