China’s FX regulator, State Administration of Foreign Exchange (SAFE), is out on the wires now, with the key headlines found below.
Current account balance will remain in a reasonable range in H2.
Expects cross-border capital flow to maintain stable in H2.
To actively curb cross-border capital flow risks.
Current account deficit equivalent to 0.4% of GDP in H1.
China’s current-account surplus stood at $5.3 billion in Q2.
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